A Look at the FTC’s Proposed GLBA Rules
We explore the affect of the FTC’s proposed amendments to the GLBA Privacy Rule, which affects only motor vehicle dealers, and the broader GLBA Safeguards Rule, which applies to all non-bank financial institutions under FTC jurisdiction. The FTC has shifted from a flexible approach to data security to a more prescriptive one that mandates specific elements for information security programs. We will discuss the potential impact of this shift and opportunities for companies to influence the final rules.
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