Ftc Safeguards Rule 2023 Cpa Firms. As a small accounting business owner, ensuring compliance with the federal trade commission (ftc) safeguards act is paramount. The ftc safeguards rule requires financial institutions to put information security programs in place to protect sensitive customer data.
After asking for public comments, hosting a national forum, and reviewing what consumers and businesses had to say, the ftc revised its standards for safeguarding. The ftc safeguards rule requires financial institutions to put information security programs in place to protect sensitive customer data.