8/15/2023 0 Comments Password encryption in purebasic![]() Fourth, it expands the definition of “financial institution” to include entities engaged in activities the Federal Reserve Board determines to be incidental to financial activities. Third, it exempts financial institutions that collect less customer information from certain requirements. Second, it adds provisions designed to improve the accountability of financial institutions' information security programs, such as by requiring periodic reports to boards of directors or governing bodies. First, it adds provisions designed to provide covered financial institutions with more guidance on how to develop and implement specific aspects of an overall information security program, such as access controls, authentication, and encryption. The Final Rule contains five main modifications to the existing Rule. The Federal Trade Commission (“FTC” or “Commission”) is issuing a final rule (“Final Rule”) to amend the Standards for Safeguarding Customer Information (“Safeguards Rule” or “Rule”). The Rules Involve the FTC in the Internal Governance Decisions of Covered Firms.The Revised Rules Inhibit Flexibility and Impose Substantial Costs.The Revised Safeguards Rule Is Premature. ![]() The Record Fails To Provide a Basis for the New Requirements.Wilson in the Matter of the Final Rule Amending the Gramm-Leach-Bliley Act's Safeguards Rule Joint Statement of Commissioners Noah Joshua Phillips and Christine S.Khan Joined by Commissioner Rebecca Kelly Slaughter Regarding Regulatory Review of the Safeguards Rule Appendix-Statements Issued on October 27, 2021.PART 314-STANDARDS FOR SAFEGUARDING CUSTOMER INFORMATION.Description of Steps Taken To Minimize Significant Economic Impact, if Any, on Small Entities, Including Alternatives Projected Reporting, Recordkeeping, and Other Compliance Requirements Estimate of Number of Small Entities to Which the Amendments Will Apply Issues Raised by Comments in Response to the IRFA Description of the Reason for Agency Action Notification of Security Events to the Commission.Paragraph (a)-Designation of a Single Qualified Individual.314.3: Standards for Safeguarding Customer Information Personally Identifiable Financial Information.Other Changes to Definition of “Financial Institutions”.This repetition of headings to form internal navigation links Headings within the legal text of Federal Register documents. This table of contents is a navigational tool, processed from the Provide legal notice to the public or judicial notice to the courts. Rendition of the daily Federal Register on does not Until the ACFR grants it official status, the XML Legal research should verify their results against an official edition of The official SGML-based PDF version on, those relying on it for The material on is accurately displayed, consistent with While every effort has been made to ensure that Regulatory information on with the objective ofĮstablishing the XML-based Federal Register as an ACFR-sanctioned ![]() ![]() ![]() The OFR/GPO partnership is committed to presenting accurate and reliable Register (ACFR) issues a regulation granting it official legal status.įor complete information about, and access to, our official publications Informational resource until the Administrative Committee of the Federal This prototype edition of theĭaily Federal Register on will remain an unofficial Each document posted on the site includes a link to theĬorresponding official PDF file on. The documents posted on this site are XML renditions of published Federal Register, and does not replace the official print version or the official It is not an official legal edition of the Federal This site displays a prototype of a “Web 2.0” version of the dailyįederal Register. ![]()
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