Internet News reported on April 3 that the FTC “has finalized its Gramm-Leach-Bliley Safeguards Rule, which requires financial institutions under the FTC’s jurisdiction to develop and implement appropriate physical, technical, and procedural safeguards to protect customer information. The rule becomes effective on May 23.”
In related news, this press release, The FTC Targets Security to Combat Identity Theft, provides links to testimony by Howard Beales, Director of the FTC’s Bureau of Consumer Protection, before the House Committee on Financial Services, and to testimony by Betsy Broder, assistant director for planning and information at the FTC, before the Committee on the Judiciary, Council of the District of Columbia.