The FTC Safe Guards are part of a Governance, Risk, and Compliance (GRC) strategy. GRC is a structured way to align IT with business goals while managing risks and meeting regulations.
For Tax Professionals
Solo or Micro Business
For one to five person businesses, not using Microsoft 365 as part of their business workflow. When you need a tool for FTC Safeguards, but don’t need full time IT support for Accountants or Tax Professionals.
We have a curated tool set, Judy Security that meets the IT and compliance controls regulated by the FTC.
Choose Premium and use code 3rdelementMeetsJudy at checkout.
Small Business
For businesses with 5 or more employees who are using Microsoft 365 or Google Workspace as part of their workflow, and need to follow FTC SafeGuards; your security needs are different.
For your practice to grow and be profitable, you’ll need the right IT infrastructure. And, if you’re like most of our clients, you’re probably on the fence on what technology is best for your firm and probably aren’t familiar with all of your options, either.
Co-Managed
For offices that have internal IT, but want to leverage an MSP for tools or additional capabilities, a co-managed solution may be what you are looking for.
With Co-managed you have the ability to use tools only MSP’s get access to, a team with different skillsets and the ability to take that uninterrupted vacation you’ve been dreaming about.
Get the FTC Safeguards for Tax Professionals you need.
Who needs to care about FTC Safeguards?
We can use the fancy FTC language, but the reality is if you help a client with any type of financial advice or taxes (including coaching), or could run a credit check – you are under the safeguards rule. This rule also applies to any organization that does financing, like auto dealerships and even furniture stores.
Can we avoid doing following the ruling?
Should you choose to not follow the ruling, there are business and life altering implications. The business can be fined 100K per violation. The business owner can also be fined the same amount and face criminal penalties.
Will following the ruling help my business?
Showing your ability to secure your clients information is always a plus. It will give you a leg up on your competition. If you do business with larger organizations, they will require you follow the safe guard.
Improved cybersecurity as a side effect
Increased security can bring down costs in other areas of your business. It can lower insurance premiums, and build customer trust. The latter lowering your marketing spend.
managed and Co managed IT SERVICES
What Are Common Tools for Compliance?
Software
Cybersecurity
Auditing
Security Info
User & Asset
Management
How do businesses implement Compliance and GRC strategies?
Determine the business goals you want to accomplish. Is it compliance, efficiency, cost savings measures? All of the above?
Then you can:
- Assess existing procedures that handle compliance currently.
- Start from the top – have your leaders set polices that drive change management.
- Use software and tools to manage and monitor your GRC program.
- Test the chosen GRC framework on one business unit or process.
- Set clear roles and responsibilities
Let's Get Started
Business starts with a Conversation.
We want to get to know you as people before we get to know you as business partners. So, let’s find some time to sit down and discuss your needs and how we can meet them. We promise not to bring pamphlets, charts, flyers, graphs, USB sticks with sketchy software, or anything else to the meeting.
We want to focus on you and your needs, not ourselves and what we can sell you. If we meet your criteria and you meet ours, we’ll streamline your technology and help your business thrive.
Every contact button further up the page will send you to a contact form and we will get back to you shortly. The button below will send you to our calendar. Set a meeting with our team and we'll buy you coffee or a drink.