Accelerate Compliance with FTC Safeguards Rule

Reduce your Financial Exposure with an End-to-End Security Program

The Federal Trade Commission (FTC) revised Safeguards Rule requires covered financial institutions to develop, implement, and maintain an information security program with administrative, technical, and physical safeguards designed to protect customer information.

Non-compliance can result in both business and personal liability. We help simplify compliance with a turnkey, end-to-end security program.

Does your Business Fall in Scope of the FTC Safeguards Rule?

With the change, and as your operations evolve, you may fall subject to the increased compliance requirements of the FTC’s Safeguards Rule. The rule requires information security programs to be written and be appropriate for the size and complexity of your business, the nature and scope of your activities, and the sensitivity of the information at issue.

Covered companies include but are not limited to:

Financial Institutions
Retailers that extend credit
Auto Dealerships
Real Estate Appraisers
Accountants and Tax Preparers
Travel Agencies
Mortgage Broker
Investment Advisory
Insurance

In June 2024, CDK Global, a major provider of dealership management systems (DMS) serving approximately 15,000 dealerships across North America, experienced a ransomware attack attributed to the BlackSuit group. This cyberattack disrupted dealership operations for nearly two weeks, forcing many to revert to manual processes and resulting in substantial financial losses.

Simplify Compliance with Legion Cyberworks and Todyl

Adopting the necessary safeguards and capabilities to adhere to the rule can be a daunting task. There are eight different parts of this process that the FTC highlights in the revised Safeguards Rule.

To simplify and accelerate your compliance journey, we use the Todyl Platform, which can help satisfy all 8 of the mandatory safeguard controls.

Download our Tip Sheet

Start your Journey Now

Using Todyl, we can help you rapidly implement a cybersecurity program that’s compliant with the FTC Safeguards Rule. Contact us today to reduce your risk, limit your financial exposure, and focus on your business goals.