A Comprehensive Guide to IRS Publication 4557: Safeguarding Taxpayer Data
Introduction: Unraveling IRS Publication 4557 Understanding the Importance of IRS Publication 4557 IRS Publication 4557, titled “Safeguarding Taxpayer Data,” is a crucial resource for tax professionals. It provides a comprehensive guide on how to protect sensitive taxpayer information, a responsibility that has become increasingly important in the digital age. The publication is designed to help […]
What are the new requirements for the 2023 Safeguards Rule?
In light of the ever-increasing need for robust cybersecurity measures, the 2023 Safeguards Rule has introduced new requirements for financial institutions. These provisions were put forward in late 2022 with a six-month extension, aiming to provide ample time for businesses to adapt their security practices. The following sections will explore each of these requirements in […]
The FTC Safeguards Rule December 2022
Update: 11/9/22 The FTC has changed the FTC Safeguards Rule compliance date to June 9th, 2023. The following information still holds true, just with a changed date. The FTC Safeguards Rule December 2022 update brought significant changes to the way financial institutions handle customer information. To ensure compliance with the latest requirements, it’s […]
FTC Safeguards Rule Requirement: Create and Update a Written Incident Response Plan
The FTC Safeguards Rule, under the Gramm-Leach-Bliley Act (GLBA), requires financial institutions, including accountants, to establish and maintain a comprehensive Information Security Program (ISP) to protect the security, confidentiality, and integrity of customers’ personal information. One critical aspect of a robust ISP is the creation and regular updating of a written incident response plan. This […]
FTC Safeguards Rule Requirement: Keep Your Information Security Program (ISP) Current
In the ever-evolving digital landscape, keeping an Information Security Program (ISP) current is crucial for financial institutions, particularly tax accountants and bookkeepers. The FTC Safeguards Rule, under the Gramm-Leach-Bliley Act (GLBA), requires them to establish and maintain a comprehensive ISP to protect the security, confidentiality, and integrity of customers’ personal information. This article will discuss […]
FTC Safeguards Rule Requirement: Periodically Review Your Service Providers
Introduction In today’s digital landscape, the security of personal financial information is of utmost importance. Recognizing this, the Federal Trade Commission (FTC) introduced the Safeguards Rule under the Gramm-Leach-Bliley Act (GLBA). One critical aspect of the rule is the requirement for financial institutions to periodically review their security providers and make appropriate changes when necessary. […]
FTC Guide – Encyro
Easy Compliance FTC Safeguards Guide From Tech 4 Accountants Get everything you need to know about cyber security compliance and the 2023 FTC Safeguards Rule. This guide is specifically designed for accountants, particularly small firms, that want to get compliant with the new regulations. Protect Your Business with the Ultimate FTC Safeguards Guide With the […]
FTC Guide – McGowanPro
Easy Compliance FTC Safeguards Guide From Tech 4 Accountants Get everything you need to know about cyber security compliance and the 2023 FTC Safeguards Rule. This guide is specifically designed for accountants, particularly small firms, that want to get compliant with the new regulations. Protect Your Business with the Ultimate FTC Safeguards Guide With the […]
Business Success Solutions FTC Guide
Easy Compliance FTC Safeguards Guide Business Success Solution Get everything you need to know about cyber security compliance and the 2023 FTC Safeguards Rule. This guide is specifically designed for accountants, particularly small firms, that want to get compliant with the new regulations. Protect Your Business with the Ultimate FTC Safeguards Guide With the Federal […]
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