Panelist submissions are due March 13.
3/10/2020 9:00
ACA International members have the opportunity to represent the industry on a Federal Trade Commission panel during a workshop on the Safeguards Rule set for May 13, 2020.
The workshop seeks research, testimony and other input on the proposed changes to the Safeguards Rule under the Gramm-Leach-Bliley Act, according to a news release from the FTC.
Revisions to the FTC’s proposed amendments to the Safeguards Rule on information security would reduce unnecessary burdens to financial institutions while continuing to protect consumers, ACA outlined in comments to the FTC on behalf of the accounts receivable management industry last year.
“The workshop will explore some of the issues raised in response to amendments the FTC has proposed making to the Safeguards Rule, which requires financial institutions to develop, implement, and maintain a comprehensive information security program,” according to the FTC news release.
The workshop is seeking information, empirical data and testimony on such topics as:
- Price models for specific elements of information security programs and standards for security in various industries;
- The availability of third-party information security services aimed at different sized institutions;
- Information about penetration and vulnerability testing; and
- The costs of and possible alternatives to encryption and multifactor authentication
The public may submit comments on these topics until June 12, 2020, upon publication of the notice in the Federal Register.
Those interested in participating as a panelist at the workshop can email the FTC at [email protected] by March 13, 2020. If a proposed panelist or commenter is affiliated with an entity that has provided funding for research, analysis or commentary on relevant topics, please identify such funding and its source in your comment or in your request for consideration as a speaker.
If you are interested in speaking at the event or plan to attend, contact ACA’s Vice President and Senior Counsel of Federal Advocacy Leah Dempsey at [email protected].