登录查看更多内容

Stay Compliant with New 2024 FTC Standards: Protect Your Dealership with Safe Enterprise.

BDI Global

Cyber Made Simple

发布日期: 2024年6月11日

The FTC’s amended Standards for Safeguarding Customer Information has sent shockwaves through the automotive dealership world. The commission’s updates to the regulation in 2022 impose detailed cybersecurity requirements on auto dealerships. Many dealerships have taken steps to address the eight “Safeguard” requirements specified by FTC as violations can carry significant fines and penalties. While their 2022 updates promoted many safeguards to protect customer information, recent updates to the rules indicate that encryption is the top priority for regulators.

Is Your Dealership Prepared for the 2024 FTC Standards?

At Safe Enterprise, we specialize in cybersecurity solutions tailored specifically for auto dealers. Our team understands the unique challenges faced by dealerships and is here to help you navigate the new FTC regulations with ease.?

Key Changes in the 2024 FTC Standards:?

1.?Notification Obligation: Covered dealerships are required to report breaches of unencrypted customer information, involving at least 500 customers to the Commission. This will be a significant change, as the universe of reportable incidents is vastly broader than is currently covered by other state or federal requirements, notification must be made quickly, and such reports will generally be made public by the FTC.

2.?Enhanced Data Protection Requirements: Dealerships must implement stronger data encryption protocols and regular vulnerability assessments.?

3. Stricter Access Controls: More rigorous controls are required to ensure only authorized personnel have access to sensitive customer information.

Why Your Current Policy May Fall Short

Many auto dealerships’ existing cybersecurity policies were designed under outdated guidelines. These older policies often lack the robustness required by the new standards, leaving your dealership vulnerable to compliance violations and cyber threats.

How SafeEnterprise Can Help:

Timely and Reliable Cyber Insurance Solutions: At BDI Global, we are committed to delivering a comprehensive quote for your cyber insurance needs within 48 hours of receiving your submission.
Shield Up powered by Havoc Shield: Completion of our online Shield Up Cyber Security Risk Assessment will make applicants eligible for a streamlined underwriting process and our Shield Up expanded coverage endorsement.
Customized Security Solutions: Tailored security measures that address the specific needs and operations of your dealership.

Protect Your Dealership Today

Don't wait until it's too late. Ensure your dealership is fully compliant with the 2024 FTC standards and safeguard your business against cyber threats. Contact SafeEnterprise today to schedule a consultation and let us help you fortify your cybersecurity defenses.?

Secure your dealership’s future with Safe Enterprise – your trusted partner in automotive cybersecurity.