CT Car Dealers & FTC Safeguards Rule: Hire Top Compliance & Cybersecurity Expert

Do you know what you call a Norse god who values privacy?

Tor.

If you, too, value privacy and information protection, and you want to make sure you stay in compliance with the latest regulations, you need a qualified cybersecurity expert.

Keeping track of all that stuff can be pretty demanding because, as you know, these regulations change over time.

For example, the deadline to implement the most recent amendments to FTC’s Safeguards Rule is December 9th, 2022 - so you don’t have much time left!

If you own a car dealership if Connecticut, 2Secure Corp can make sure your business complies with the latest requirements.

Check it out at https://www.2secure.biz

Designed in response to the latest revisions to the Rule, 2Secure’s service helps your auto dealership business address the technical and procedural cybersecurity issues as outlined in the FTC guidance.

And maybe you're thinking why you should worry about this. How much could it possibly cost you?

Well, you'd be surprised! According to a recent study, a single event could cost you around $14.8 million! Of course, the fine itself isn't quite that steep - but you have to factor in all the other losses your business will incur such as lost productivity and revenue, and the cost of business disruption. It all adds up and it ends up costing you more than you can afford to lose.

And that's not even mentioning the other - perhaps even more serious - risks such as data breaches, possible criminal activity against your customers, and the damage that would do to your reputation.

The tl;dr is you should worry about the FTC's revised Safeguards Rule because it could cost you millions, or even your business.

“By now, everyone should be aware of the fact that the Federal Trade Commission has issued some fairly complicated amendments to its Safeguards Rule,” explained a company spokesperson. “All these steps must be in place by December 9th, 2022, and that leaves very little time for affected individuals to get the work done,” they added.

When you hire 2Secure, its experts help you comply with all requirements, such as the appointment of a Qualified Individual - a cybersecurity expert who will carry out and supervise your business’ information security program.

Along with providing a dedicated cybersecurity expert, 2Secure will implement safeguards designed to manage risks, as required under the revised Rule. This includes reviewing and managing access control, encrypting data where it resides and during transit, and assessing in-house and third-party apps. And that’s just the tip of the iceberg - once you partner with 2Secure, you can rest assured that your business is, indeed, secure!

Further, 2Secure will develop an incident response plan and report to your board of directors - both mandatory to stay in compliance with the Rule. “Each dealer must have a formal written incident response plan which identifies the personnel on the response team, as well as what their approach will be to resolving incidents,” says a firm representative.

As your appointed Qualified Individual, the firm will deliver annual reports to your board of directors or senior management, covering the status of your company’s information security protocols.

2Secure is dedicated to helping Connecticut auto dealers develop security procedures that will provide adequate protection of personal and consumer data, and ensure FTC compliance. Led by cybersecurity expert Yigal Behar, 2Secure Corp was founded with the mission to provide a full suite of cybersecurity solutions to small businesses.

All this talk of access control, data encryption, and risk assessments may sound like a bunch of tech mambo-jumbo to you - and that’s fine! - most of us have no idea about cybersecurity. But, luckily, there are people who specialize in it, so just leave it in their capable hands.

Go to https://www.2secure.biz/ftc-safeguards-financial-institutions-rule before you get in trouble with the FTC; not after!