John Acosta CEO of VTech Dealer IT speaks with Stephen Heath CTO at Torchlight about the new FTC safeguard rules for dealers and vendors.

The Federal Trade Commission (FTC) recently revised the Gramm-Leach-Bliley Act (GLBA) Safeguards Rule, in response to years of widespread data breaches and cyberattacks that have significantly harmed consumers (e.g., monetary loss, identity theft, etc.).

The FTC’s October 2021 announcement about the revised GLBA specifically named “automobile dealerships” as a non-banking financial institution that would be impacted by the requirements, which are designed to strengthen the data security safeguards.

The strengthened GBLA requires these dealerships to implement a written information security program to keep their customers’ information safe through strict security protocols, periodic risk assessments, and more. The new rule went into effect on January 10, 2022, and impacted organizations will have one year to comply.

This webinar will be hosted by John Acosta, CEO of Vtech Dealer IT, who will discuss the implications of the GLBA requirements on dealerships. John’s guest Stephen Heath, CTO of TorchLight, will add his extensive cybersecurity expertise to the discussion.