What is the FTC Safeguards Rule for Accountants?
The FTC’s Safeguards Rule Protects Data
The Federal Trade Commission (FTC) enacted the Standards for Safeguarding Customer Information – the Safeguards Rule – in 2003 to help businesses protect consumer and customer data. The Safeguards Rule stems from the Gramm-Leach-Bliley Act (GLBA), which is the United States law requiring financial institutions to protect the integrity, confidentiality, and security of customer data. You now have until June 9, 2023 to comply. Here's how SmartVault can help.
Set granular access to files and folders, and who can view, create, edit, or delete them. Quickly see who has access and revoke or change their permissions.
SmartVault automatically encrypts your data in transit and at rest using bank-level standard AES-256 bit encryption.
SmartVault has MFA, which requires users to log in with their email address, password, and a verification code.
Admins can remove a customer’s data in just a few steps.
SmartVault automatically tracks all user activity, including when they upload, download, delete, or change a folder, vault, or document. This report is an authoritative record that no one can edit.
You’re responsible for ensuring the data is safe on your selected vendor’s software. You can rest assured it is with SmartVault.
Don't wait until it's too late. Sign up for a consultation today and take the first step towards safeguarding your business and your customers' trust. We look forward to helping you ensure that your business is fully compliant with the FTC Safeguards Rule.
Make FTC Safeguards Compliance Simple
This brief guide breaks down your compliance requirements and includes a checklist to get you started.
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