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FTC Safeguards Rule: Updated Requirements Taking Effect June 2026

The FTC's updated Safeguards Rule now requires specific technical controls for any business handling consumer financial data. If you serve financial clients or process payments, here's what changed.

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Elevate Solutions
April 14, 2026 · 7 min read

Who's in scope

The rule reaches well beyond banks — auto dealers, accountants, mortgage brokers, and many service providers handling consumer financial data are covered.

What's required

A written information security program, a qualified individual to run it, risk assessments, access controls and MFA, encryption of customer data, monitoring and logging, vendor oversight, and an incident response plan.

Getting ready

Start with a gap assessment against the rule's specific controls. We help financial services firms implement and evidence them ahead of the deadline.

Elevate Solutions' security and IT advisory team delivers managed cybersecurity (MDR/MXDR), managed IT, and compliance guidance (HIPAA, SOC 2, PCI DSS) for regulated mid-market firms across Los Angeles.

Reviewed by David Faramarzi · Founder, Elevate Solutions
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