The intention of the safeguards rule is to?

Prepare for the Affinity Real Estate and Mortgage Services Exam. Use flashcards and multiple choice questions with hints and explanations to ace your test! Get exam ready!

The intention of the safeguards rule is to ensure the protection of personal information through an effective security program. This rule is designed to require financial institutions to implement measures that protect customer information from unauthorized access, use, or disclosure. It emphasizes the establishment of a comprehensive security program that includes risk assessment, employee training, and regular monitoring and testing of safeguards to ensure customer data is secured.

By focusing on developing an effective security infrastructure, the safeguards rule helps mitigate the risk of data breaches and helps organizations in the financial sector comply with privacy laws. This is essential in building trust with customers, who expect their personal information to be handled with care and protected adequately.

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