FTC Safeguards Rule

FTC Safeguards Rule

What Your Business Needs to Know
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• A rule requiring financial institutions to take specific steps to protect customer information
• Deadline Must comply by 6/9/23
• Penalties Up to $100,000/violation of non-compliance

Who needs to comply with the Safeguards Rule?

An institution that is significantly engaged in financial activities, or significantly engaged in activities incidental to such financial activities, is a financial institution. Examples include mortgage lenders, payday lenders, finance companies, mortgage brokers, account servicers, check cashers, wire transferors, collection agencies, credit counselors and other financial advisors, tax preparation firms, non-federally insured credit unions, and investment advisors that aren’t required to register with the SEC.


Bicek Telecom can help companies of all sizes become defensible for the Safeguards Rule by creating, owning and maintaining companies’ security programs in alignment with the requirements of the rule.

Bicek Telecom also offers add-on services, such as security awareness training (SAT), inbox detection and response (IDR) and more, so companies can avoid the hassle of managing multiple providers. 

Contact Bicek Telecom to discuss how we can help insure your business is compliant.