Ftc Safeguards Rule 2024 Dealerships. What are some key takeaways from the revised ftc safeguards rule for auto dealers? A guide for car dealerships.

The safeguards rule requires covered financial institutions to develop, implement, and maintain an information security program with administrative, technical, and physical safeguards. 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.