Compliance Consultation

eDocSecure’s consulting services help clients achieve compliance with numerous consumer privacy regulations, including those from the FTC, SEC, FERPA, and HIPAA--including the new Sarbanes-Oxley legislation.

In response to an increase in complaints for consumer fraud and identity theft, the Federal Trade Commission has imposed strict new requirements for safeguarding non-public information. Some companies may not even realize that they are now considered “financial institutions”by the FTC, with specific obligations under the Safeguards Rule to protect consumers’ personal information.

This Rule applies to businesses, regardless of size, that are "significantly engaged" in providing financial products or services to consumers. Companies affected may include, but not be limited to: automotive dealerships, furniture leasing establishments, data processors, mortgage brokers, personal property or real estate appraisers, tax preparers, delivery services, and retailers that may issue credit cards to consumers.

In addition to developing their own safeguards, financial institutions are responsible for taking steps to ensure that their affiliates and service providers safeguard customer information in their care. The FTC has asked that each of these companies evaluate their sites, appoint staff coordinators, and create compliance guidelines which may be used to train employees and help maintain information security.

For more information. please visit the Federal Trade Commission site:
http://www.ftc.gov/bcp/conline/pubs/buspubs/safeguards.htm