Originally published in Auto Dealer Today Magazine on March 16, 2022.
"The unintended consequence of the revised Safeguards Rule is that, faced with high costs, a dealer may reasonably believe that doing nothing is an attractive option. That option is attractive, but not viable."
"In the beginning was the Gramm-Leach-Bliley Act, at least when it comes to dealership awareness of consumer data security issues. And the Gramm-Leach Bliley Act begat the Safeguards Rule, which has been the law of the land since 2003..."