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Standards for Safeguarding Customer Information

Federal Register, May 23, 2002, Page 36483-36494

Agency

Federal Trade Commission

Action

Final rule.

Summary

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.

Dates

This rule is effective on May 23, 2003.

Further Information

Laura D. Berger, Attorney, Division of Financial Practices, (202)-326-3224.

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