Updated FTC Safeguards Rule Signals Cybersecurity Changes
The deadline for complying with the updated requirements of the Safeguards Rule is now June 9, 2023. For more information (and to check if YOUR industry is included), please visit the FTC's Website.
The Federal Trade Commission has enhanced its security requirements for businesses that handle customer data. New security measures have been added to the rule that safeguards non-public customer data collected and held by financial institutions. This is also known as the FTC Safeguard Rule.
One of the most significant changes in this amendment is that multi-factor authentication is now REQUIRED. The rule calls out MFA as a mandatory requirement, regardless of company size.
This means that, in addition to a normal username and password, users with access to sensitive consumer data will need another factor, such as a token, biometric, or application that can verify the user’s identity.
While these changes may be confusing to navigate, Duo has extensive experience working with industries who have very complex security requirements, including healthcare, education, the auto industry, and finance.
Duo’s MFA solution can quickly and efficiently ensure your company’s compliance while also protecting your customer data.
As a cloud-based solution, Duo seamlessly integrates with your infrastructure and can be rolled out enterprise-wide.
Duo also scales to meet companies at their security needs, providing offline MFA, compliance-friendly reporting and logs, and the ability to add users and devices at any time. They help protect every device and every application, allowing your users to continue working with the tools they love, anywhere, anytime.
Duo helps customers across many different industries comply with regulations to ensure that their security strategy is in line with all relevant FTC requirements.
You can see just how easy it is by signing up for a 30-day free trial of Duo today!