In December 2021, the FTC enacted amendments to the “Safeguards Rule” to the Gramm-Leach-Bliley Act. These amendments, some of which became effective January 10, 2022, greatly expand the information security program requirements for dealers. More importantly, dealers must be in compliance with the majority of the revised Safeguards Rule by December 9, 2022. There are important steps dealers must take in advance of this date to be in compliance by the deadline. This series of materials has been created to help your dealership with the appropriate planning and implementation of the necessary policies and procedures required by the amended Safeguards.
Winter is Coming Part 1: What is December 9, 2022 and What Should I Be Doing to Prepare?