Car Dealers May Dislike Regs, But Stricter Data Rules Help
November 15, 2019
The National Automobile Dealers Association has taken a stand against proposed changes to the Federal Trade Commission’s Safeguards Rule that dictates how financial institutions protect consumer data. If the changes take effect, dealerships will be forced to shell out hundreds of thousands of dollars to comply. However, new laws such as the California Consumer Privacy Act (CCPA) and New York’s SHIELD Act are forcing these changes, regardless of the status of the FTC Safeguards Rule.
But it’s not all bad news. In California, the state attorney general has defined “reasonable measures” as the implementation of 20 controls established by the Center for Internet Security.