FTC Compliance Services

Ensure the security of consumer data and safeguard your reputation with FTC Compliance Services from Current TEK Solutions. The FTC Safeguards Rule, under the Gramm-Leach-Bliley Act (GLBA), mandates that companies defined as "financial institutions" must adhere to FTC compliance standards, or face severe penalties. Failure to comply could result in a $100,000 violation penalty for organizations, accompanied by an additional $10,000 penalty for officers and directors, issued by the FTC.

FTC compliance requires companies to designate a qualified person to oversee their information security program, develop a written risk assessment, limit and monitor access to sensitive customer information, encrypt all sensitive data, train security personnel, create an incident response plan, assess the security practices of service providers periodically, and implement multi-factor authentication or equivalent protection for those accessing customer information. Regardless of the original coverage under the Safeguards Rule, businesses that collect customers' personal information are obligated to comply with privacy laws and regulations. For industries like legal professionals, financial firms, auto dealerships, and more, FTC Compliance is not just a legal requirement but a blueprint for success, ensuring ethical and secure handling of data, preserving trust, and safeguarding reputations.