# Standards for Safeguarding Customer Information
> **US Federal Trade Commission** · Final rule. · Published 2023-11-13 · Effective 2024-05-13 · 88 FR 77499
## Document
- **Document number:** 2023-24412
- **Category:** final-rule
- **Agency:** US Federal Trade Commission
- **Federal Register citation:** 88 FR 77499
- **CFR reference:** 16 CFR 314
- **Publication date:** 2023-11-13
- **Effective date:** 2024-05-13
## Abstract

The Federal Trade Commission ("FTC" or "Commission") is issuing a final rule ("Final Rule") to amend the Standards for Safeguarding Customer Information ("Safeguards Rule" or "Rule") to require financial institutions to report to the Commission any notification event where unencrypted customer information involving 500 or more consumers is acquired without authorization.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2023/11/13/2023-24412/standards-for-safeguarding-customer-information)
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