CyberCatch Launches Innovative Solution To Enable Compliance with U.S. Federal Trade Commission Cybersecurity Requirements for Thousands of Non-Bank Financial Institutions

Posted under: Online Security
Date: 2023-12-06
CyberCatch Launches Innovative Solution To Enable Compliance with U.S. Federal Trade Commission Cybersecurity Requirements for Thousands of Non-Bank Financial Institutions

CyberCatch Holdings, Inc. (TSXV: CYBE) announces the launch of its innovative FTC Compliance Manager, addressing U.S. Federal Trade Commission (FTC) cybersecurity requirements, especially for non-bank financial institutions (NBFIs). The Safeguards Rule and recent amendment mandate robust information security programs and incident reporting. NBFIs, handling sensitive consumer data, face heightened cyber risks. CyberCatch's AI-enabled Compliance Manager facilitates 6 times faster compliance, offering an affordable and unique solution. The SaaS tool guides risk assessments, streamlines controls implementation, and aids in FTC reporting, making it a crucial cyber risk mitigation solution for NBFIs. With CyberCatch's solution, thousands of NBFIs in the U.S. can now easily, quickly and affordably comply with FTC's cybersecurity requirements and attain and maintain cyber safety. The new solution also enables faster compliance accurately and at an investment less than any other.

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