Why You Need A CSRA
If You Handle Your Clients Sensitive Information & Finances…
This Likely Applies To You!
New FTC Safeguards Mandates
June 9th, 2023
You Must Comply If...
- You obtain nonpublic information from a consumer for the purposes of financial services.
- If you hold ownership or servicing rights to an individuals loan that is used primarily for personal, family or household purposes
- Your customers obtains a loan or purchases insurance through you.
- Your client enters into a lease of personal property.
- Becomes a client for the purpose of obtaining tax preparation or credit counselling services from you.
- You obtain consumer rights and obligate that consumer to another financial institutes relationship with that consumer.
- You Provide Real Estate Settlement Services.
Industries That Are Most Likely To be Affected ARE:
- Insurance Companies
- Mortgage Brokers & Lenders
- Debt Collection Agencies
- Tax Preparers
- Auto Dealerships
- Furniture & Appliance Stores
- Some Education Institutions
- Check Cashing As A Service
- Travel Agency Financing
- Finder Services (Facilitation of Buyers and sellers)
- Energy Companies (Solar, Efficient Appliances, Home Upgrades)
- Law Firms
- CPA's
Why You Need To Act Now?
The average time it takes to go from non-compliance to compliance takes 90 days. This assumes you are working with a competent service provider.
- Data Breach
- Cost of Cyber Attacks
- Compliance Issues
- Inadequate Security Measures
- Skill Gap
What Are You Required To Do?
There are 9 steps that must be implemented by June 9th, 2023 before you are considered “in compliance” with the FTC Safeguards Guidelines.
Resources To Help You Take Action NOW
A PDF Infographic With Details on the FTC Safeguards
A 25 Minute Recorded Webinar