OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Standards for Safeguarding Customer Information ("Safeguards Rule")

ICR 202311-3084-002 · OMB 3084-0171 · Received in OIRA

Forms and Documents
DocumentTypeStatusAvailability
NOA.pdf Supplementary Document Uploaded 2023-11-07 Repair queued
GLB Safeguards Rule_Supporting Statement 2023_Final.pdf Supporting Statement A Uploaded 2023-11-07 Repair queued
IC Document Collections
IC IDCollectionTypeStatusForm
244758 Reporting of Security Events Other-Form that will be made available on FTC website to facilit Modified
ICR Details
3084-0171 202311-3084-002
Received in OIRA 202012-3084-001
FTC
Standards for Safeguarding Customer Information ("Safeguards Rule")
New collection (Request for a new OMB Control Number)   No
Regular 11/13/2023
  Requested Previously Approved
36 Months From Approved
115 0
575 0
0 0
The Federal Trade Commission (“FTC” or “Commission”) is finalizing proposed amendments to its Standards for Safeguarding Customer Information (“Safeguards Rule”), 16 CFR part 314, which require financial institutions to report to the Commission a notification event where unencrypted customer information involving 500 or more consumers is acquired without authorization.
US Code: 15 USC 6801 Name of Law: Gramm-Leach-Bliley Act
  
None
3084-AB35 Final or interim final rulemaking 88 FR 77499 11/13/2023
Yes
1
IC Title Form No. Form Name
Reporting of Security Events
  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 115 0 0 115 0 0
Annual Time Burden (Hours) 575 0 0 575 0 0
Annual Cost Burden (Dollars) 0 0 0 37,950 -37,950 0
Yes
Changing Regulations
No
As part of this rulemaking, the Commission issued a Notice of Proposed Rulemaking (“NPRM”) in 2019,1 as well as a Supplemental Notice of Proposed Rulemaking (“SNPRM”) in 2021. Upon publication of the SNPRM, the Commission previously submitted an associated clearance request with Supporting Statement to OMB. In response, OMB filed a comment on February 4, 2022, requesting that the Commission resubmit the clearance request upon finalizing the proposed rule. Any differences between the FTC's initial clearance request and the instant clearance request are due to minor changes in the finalized information collection requirement and the use of updated mean wage rates.
$18,903
No
    Yes
    No
No
No
No
No
David Lincicum 202 326-2773 [email protected]
  No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
11/13/2023