Inside Cybersecurity

December 4, 2022

Daily News

FTC, citing cyber workforce shortages, extends compliance deadline for new security requirements

By Charlie Mitchell / November 16, 2022

The Federal Trade Commission has extended until June the deadline for “non-banking financial institutions” to comply with new cybersecurity requirements, citing workforce and pandemic-related supply chain challenges that could complicate compliance efforts, particularly for smaller entities.

“The Commission is extending the deadline based on reports, including a letter from the Small Business Administration’s Office of Advocacy, that there is a shortage of qualified personnel to implement information security programs and that supply chain issues may lead to delays in obtaining...

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