The FTC (Leslie Fair) posted a blog, 3 new things to know about FTC Safeguards Rule review. The blog notes that
As part of its regulatory review, the FTC announced earlier this year Information Security and Financial Institutions: An FTC Workshop to Examine the Safeguards Rule. If the Safeguards Rule is of interest to you or your clients, you’ll want to know about three new developments.
First, the FTC has postponed the workshop and rescheduled it for July 13, 2020. If you’d like to participate as a panelist on the new date, email us at safeguardsworkshop2020@ftc.gov by May 14th.
Second, it will be a virtual workshop, taking place online only. You can watch the webcast live on July 13th.
Third, the workshop will continue to focus on some of the issues raised in response the FTC’s proposed amendment to the Gramm-Leach-Bliley Safeguards Rule, which requires financial institutions to develop, implement, and maintain a comprehensive information security program. But we’ve extended until August 12, 2020, the deadline for you to file comments on the topics that will be discussed at the workshop.
Eric J. Ellman is Senior Vice President for Public Policy and Legal Affairs at the Consumer Data Industry Association (CDIA) in Washington, DC. He also served for eight months as Interim President and CEO of the Association. More