Caril Cortney

Ftc Safeguards Rule 2024 For Auto Dealers. The safeguards rule is a federal law that establishes steps financial institutions — and auto dealerships — should take to protect customer data. As of june 9, 2023, auto dealerships are required to have a comprehensive cybersecurity program in place to comply with the federal trade commission safeguards rule which protects sensitive customer data.

The ftc issued a complex set of new amendments to its safeguards rule, which require dealers to undertake a series of procedural, technical, and contractual steps to protect. As of june 9, 2023, auto dealerships are required to have a comprehensive cybersecurity program in place to comply with the federal trade commission safeguards rule which protects sensitive customer data.