Standards for Safeguarding Customer Information
Federal Register, May 23, 2002, Page 36483-36494
Federal Trade Commission
The Federal Trade Commission (''FTC'' or ''Commission'') is issuing a final Safeguards Rule, as required by section 501(b) of the Gramm-Leach-Bliley Act (''G-L-B Act'' or ''Act''), to establish standards relating to administrative, technical and physical information safeguards for financial institutions subject to the Commission's jurisdiction. As required by section 501(b), the standards are intended to: Ensure 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.
This rule is effective on May 23, 2003.
Laura D. Berger, Attorney, Division of Financial Practices, (202)-326-3224.