WOW... "fines of $45,000 per violation"?!??

The Safeguards Rule applies to all financial institutions subject to the FTC’s jurisdiction and that aren’t subject to the enforcement authority of another regulator under section 505 of the Gramm-Leach-Bliley Act, 15 U.S.C. § 6805.

Hopefully these folks won't wait until the 'last minute' to hire an IT Professional, 'cause the process of meeting these "rules" is certainly going to take some time!