Ftc Safeguards Rule 2024 Cpa Firms

Ftc Safeguards Rule 2024 Cpa Firms. This guide will cover everything your firm. Understanding the ftc ruling and its impact on cpas.

In december 2021, the ftc amended the safeguards rule to expand its definition of a financial institution and to provide more concrete guidance regarding specific safeguards that covered financial institutions should have in place to help protect the security of customer information. The ftc safeguards rule requires financial institutions to put information security programs in place to protect sensitive customer data.