What is the FTC Safeguards Rule?
The Safeguards Rule, or FTC's Standards for Safeguarding Customer Information, aims to ensure covered entities establish protective measures to secure customer information.
What businesses are subject to the Safeguards Rule?
- A retailer that extends credit by issuing its own credit card directly to consumers
- An automobile dealership that leases automobiles on a non-operating basis for longer than 90 days
- A personal property or real estate appraiser
- A career counselor that specializes in providing career counseling services
- A business that prints and sells checks for consumers, either as its sole business or as one of its product lines
- A business that regularly wires money to and from consumers
- A check cashing business
- An accountant or other tax preparation service that is in the business of completing income tax returns
- A business that operates a travel agency
- An entity that provides real estate settlement services
- A mortgage broker
- An investment advisory company and a credit counseling service
- A company acting as a finder in bringing together one or more buyers and sellers of any product or service
(Source: www.ftc.gov)
