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The Federal Trade Commission (FTC) has finalized changes to the Standards for Safeguarding Customer Information rule (Safeguards Rule) under the Gramm-Leach-Bliley Act (GLBA). The updated Safeguards Rule amends the FTC’s 2003 Safeguards Rule and requires financial institutions (which includes Dealers) to strengthen their data security safeguards to protect customer financial information. Full compliance with the updated Safeguards Rule is required by June 9th, 2023.
Gain a high level understanding of what the new Safeguards Rule includes and what it means for your dealership. Just getting started? Start here.
You understand what is included in the new Safeguards Rule, now we will talk about how to tackle each aspect of implementing it in your dealership.
The deadline is June 9th, 2023, but certain provisions were required by December ’22. Learn what changed, and what didn’t.
Learn how to use the right people, process, and platform for compliance with the revised FTC Safeguards Rule. The enforcement deadline is June 9th.