“Where do we even begin?” It’s a question being asked at car dealerships across the country as they race to comply with updates to the FTC Safeguards Rule released late last year. With the deadline less than two months away, automotive dealers are in a sprint to understand the specific steps they need to take to get into compliance.
Mike Pedrick, VP of Cybersecurity Consulting at Nuspire, and Tony Haux, CISO and Chief Compliance Officer at Accelerate2Compliance, recently hosted a webinar to help auto dealers navigate the complexities of the Rule. Read on to hear their tips.
“Where do we even begin?” It’s a question being asked at car dealerships across the country as they race to comply with updates to the FTC Safeguards Rule released late last year. With the deadline less than two months away, automotive dealers are in a sprint to understand the specific steps they need to take to get into compliance.
Mike Pedrick, VP of Cybersecurity Consulting at Nuspire, and Tony Haux, CISO and Chief Compliance Officer at Accelerate2Compliance, recently hosted a webinar to help auto dealers navigate the complexities of the Rule. Read on to hear their tips.
Mike added that having a written plan helps control for variability in what you’re being assessed for.
“Any time an auditor arrives onsite, they’ll evaluate controls, systems and processes you employ in relation to your documented plan,” said Mike. “If you have nothing written, you lose predictability in terms of what to expect and what you need to improve upon.”