The final deadline for FTC Safeguards Rule compliance is less than ten days away, and OneMain, a lender specializing in nonprime credit history loans, is just one of the examples of why taking action now is essential!
OneMain has recently been fined $4.25 million by the New York State DFS. The DFS investigation concluded that OneMain failed to manage third-party service provider risk effectively, control access privileges, and maintain a formal application security development methodology, leaving them vulnerable to cybersecurity events. OneMain had several cybersecurity vulnerabilities, including using default passwords, lacking in-app security, and inappropriately assessing third-party cybersecurity risks.
ICU Computer Solutions is here to the rescue if you still need to familiarize yourself with FTC Safeguards Rule Compliance!
Read the full article by Fintech Global - https://bit.ly/3WLytoc
All Financial Services enterprises need to prioritize cybersecurity to ensure customer information safety. In response, OneMain has enhanced its cybersecurity capabilities to mitigate future risks, and it is critical to comply with the FTC Safeguard Rule before the deadline of June 9th, 2023!
For professional advice on FTC Safeguards Rule Compliance, visit: https://bit.ly/3Wn41yH and contact ICU Computer Solutions to schedule your FREE CONSULTATION today!
