Expert Tips for Maintaining FTC Compliance and Avoiding Legal Issues
In recent years data breaches have become increasingly common, leading regulatory bodies to impose stricter guidelines for businesses regarding data protection. One such regulation is the new Federal Trade Commission (FTC) Safeguard Rule, which requires businesses to implement safeguard measures to protect consumer data comprehensively. Failure to comply with this rule can lead to severe legal consequences and damage your business's reputation.
That's where a Cybersecurity and Compliance Management Partner like BizCom Global can play a vital role in maintaining FTC Safeguard compliance and helping you avoid legal headaches. In this blog post, we'll dive into expert tips for achieving compliance with these crucial guidelines, the significance of complying with these regulations, and how partnering with BizCom Global as your partner can support your business in staying compliant and secure.
TIP #1 Know How Your IT System Works and What Data You Own.
It is nearly impossible to protect your data and your business if you have no idea how your IT system works and where data is stored. The very first thing we at Bizcom do for our clients (and recommend that you do for yourself as well) is to make a network diagram. This will allow you to see what needs to be protected and where any gaps might be.
TIP #2 Enable MFA.
Multi-factor authentication is not only a control specifically called out in the FTC Safeguards Rule, but also best practice in business today. Using MFA significantly cuts down the risk of you and your employees’ vital usernames and passwords being exposed to cyber criminals. MFA has been shown to block up to 99% of automated cyber-attacks and 75% of targeted attacks.
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TIP #3 Train Your Employees.
Insider Risk accounts for 80% of cyber- attacks, with the majority of those risks being affected unknowingly. When your employees don’t know how to recognize phishing emails, what links not to click on, or what apps not to download, it’s easy for cyber criminals to get the information they need to hack into your organization. Having a basic cyber-security training program in place and mandatory for all employees can significantly lower your risk.
While these are great tips for everyone to use, it may not be easy for a small business like yours to apply them. That’s where BizCom comes in. We have the expertise and the professionals who will make protecting your business using these methods, among others, feel like a walk in the park. Part of your initial assessment through us would already cover making a network diagram and give you policies and procedures for how to train your employees!?Click the link below for an initial assessment so we can find out how we can best help you.?