Ensuring Compliance With the FTC Safeguards Rule Through Kiteworks Private Content Network

Summary

It is crucial for financial institutions to comply with all relevant regulations, including the Federal Trade Commission’s Safeguards Rule. Under the FTC Safeguards Rule, financial institutions, such as banks, credit unions, and investment firms, that offer consumer financial products or services must have a written information security plan in place to protect customer data. This plan must include procedures for detecting, preventing, and responding to security breaches and even physical security measures to protect against unauthorized access.

The Kiteworks Private Content Network enables financial institutions to secure their client personally identifiable information (PII) compliance with the Federal Trade Commission’s Safeguards Rule. The Kiteworks PCN helps financial institutions set, manage, and monitor access to only the customer information they need to perform their duties and functions.

In addition to a role-based permissions system, the Kiteworks PCN provides a range of authentication methods, security features, and full audit log to show who accessed what file and when. In total, the Kiteworks platform allows financial institutions to build trust with their clients by protecting their private information wherever it’s stored and whenever it’s shared, all in compliance with data privacy regulations, including the FTC Safeguards Rule.