Federal Trade Commission Proposed Rule

2021-25064: Standards for Safeguarding Customer Information

Comment Period Closed

Public comment closed .

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Summary

The Commission requests public comment on its proposal to further amend the Standards for Safeguarding Customer Information ("Safeguards Rule" or "Rule") to require financial institutions to report to the Commission any security event where the financial institutions have determined misuse of customer information has occurred or is reasonably likely and at least 1,000 consumers have been affected or reasonably may be affected.

The agency’s own summary, as published.

What this changes

Amends 1 part of the Code of Federal Regulations — the standing rules this notice rewrites.

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