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Federal Trade Commission: Standards for Safeguarding Customer Information

Federal Register, August 7, 2001, Page 41162

Agency

Federal Trade Commission

Action

Proposed Rule – Request for Public Comment

Summary

The Federal Trade Commission (``FTC'' or ``Commission'') is proposing certain standards relating to administrative, technical, and physical information safeguards for financial institutions subject to the Commission's jurisdiction. The Gramm-Leach-Bliley Act (``G-L-B Act'' or ``Act'') requires the Commission to issue these standards. They are intended to: insure the security and confidentiality of customer records and information; protect against any anticipated threats or hazards to the security or integrity of such records; and protect against unauthorized access to or use of such records or information that could result in substantial harm or inconvenience to any customer.

Dates

Comments must be received not later than October 9, 2001.

Further Information

Written comments should be addressed to: Secretary, Federal Trade Commission, Room 159, 600 Pennsylvania Avenue, NW., Washington, DC 20580. The Commission requests that commenters submit the original plus five copies, if feasible. All comments will be posted on the Commission's Web site: www.ftc.gov. Alternatively, documents may be submitted to the following email address: GLB501Rule@ftc.gov.

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