The Federal Trade Commission issued notices on March 5 seeking public comment on proposed amendments to the regulations implementing the Gramm-Leach-Bliley Act, commonly known as the Safeguards Rule and Privacy Rule. Once the notices are published in the Federal Register comments must be received within 60 days. The proposed changes to the Safeguards Rule add a number of more detailed security requirements, whereas the proposed changes to the Privacy Rule are more focused on technical changes to align the Rule with changes in law over the past decade.
On October 22, NIST released the official Preliminary Cybersecurity Framework under development pursuant to the President’s Executive Order on Improving Critical Infrastructure Cybersecurity. A formal 45-day comment period will begin once the Preliminary Cybersecurity Framework is published in the Federal Register, which is expected next week. NIST remains on track to meet the Executive Order’s February 2014 deadline for issuance of the final Cybersecurity Framework.