Meeting and Exceeding the FTC Safeguards Rule
The FTC Safeguards Rule is a series of cybersecurity standards to help organizations manage consumer information with care and diligence. Promoting robust data protection practices, these standards compel companies to assess, maintain, and improve their information security protocols – advocating a solid and strategic approach to customer data protection and monitoring.
Supporting the Core Requirements of the FTC Safeguards Rule
- Risk assessment: Gain clear visibility to track and manage an organization’s risk level across systems, applications, assets, and data. Insight everywhere, from cloud clusters to the data center
- Manage service providers: Easily control devices and permissions, limiting access to customer data with zero-trust best practices and cross-environment microsegmentation
- Monitor effectiveness: Real-time continuous surveillance and analytics to track adherence to prescribed security protocols, ensuring consumer data is constantly protected.
- Promoting improvement: Analytics and reporting to identify areas for betterment and update security measures to more effectively protect consumer information
- Protect critical infrastructure: Implement real-time file integrity monitoring to detect and prevent unauthorized alterations to key configuration and log files
FTC customer data defense best practices
PCI DSS stands for Payment Card Industry Data Security Standard. It is a set of security principles designed to ensure that all companies accepting, processing, storing, or transmitting credit card information maintain a secure environment. Instituted by major credit card companies like Visa, MasterCard, and American Express, PCI DSS compliance is mandatory for businesses dealing with cardholder data. Compliance aims to reduce credit card fraud and protect both merchants and consumers. Non-compliance can lead to penalties, increased transaction fees, and reputational damage from potential breaches.
The Payment Card Industry Data Security Standard (PCI DSS) is a cyber security framework established to safeguard credit card transactions against data theft and fraud. PCI DSS mandates businesses that handle cardholder data to uphold specific security measures and was developed by some of the world’s largest credit card providers. This includes securing and strengthening IT infrastructure, maintaining a vulnerability management program, and ensuring robust access control, among other requirements. In the arena of cybersecurity, PCI DSS is a pivotal standard that acts as a recognized stamp of trustworthiness and security for electronic financial transactions.