New York Car Dealership Safeguards Rule: Risk Assessment & FTC Compliance Launch

An Ocean Township cybersecurity firm (646 560-5083) introduces a regulatory compliance service for New York auto dealerships.

Ocean Township,United States - October 25, 2022 /PressCable/ —

With the latest amendments to the Safeguards Rule coming into effect on December 9, 2022, 2Secure Corp announces a new service to help auto dealerships meet the new requirements.

More details can be found at https://www.2secure.biz

As explained in the May 2022 guidance published by the Federal Trade Commission (FTC), the revised Safeguards Rule requires auto dealers to address a number of technical and procedural issues to ensure protection of personal and customer data. The first step is the appointment of a Qualified Individual, which 2Sercure provides as part of the new service.

The appointed Qualified Individual will develop and oversee the dealership’s security system and ensure compliance with other requirements set out in the revised Rule – including risk assessments carried out to identify and remedy points of vulnerability. As part of the new service, 2Secure’s cybersecurity experts will perform external and internal vulnerability assessments, as well as penetration testing and ransomware simulations.

“Another major FTC requirement is the implementation of safeguards to manage risks,” explained a company representative. “This includes a full review of access control, encryption of stored data where it resides and when in transit, a thorough assessment of in-house and third-party apps, and monitoring and testing your safeguards,” they added.

2Secure also points to the importance of staff training – another requirement under the revised Rule. The 2022 Data Breaches Investigations Report from Verizon revealed that human error was responsible for 82% of all data breaches. As such, 2Secure provides periodical training for staff to stay on top of the latest security threats.

The latest announcement comes as Ponemon Institute publishes its 2022 study on the cost of non-compliance with FTC regulations. Its researchers found that the total cost could amount to $14.8 million per single data breach; this includes fines and penalties, loss of productivity and revenue, and business disruption expenses.

About 2Secure Corp

Founded in 2003 by cybersecurity expert Yigal Behar, the firm provides cybersecurity solutions tailored to the needs of small to medium-sized businesses. Along with the Safeguards Rule compliance service, the 2Secure provides a compliance service for NYDFS 23 NYCRR 500.

“2Secure does a quality job in a timely manner,” said a satisfied client. “Yigal worked with us from the initial testing phase through the final remediation. A useful report was also provided to aid in understanding the network security of our company. Would recommend him to another company trying to get a handle on their security issues.”

Interested parties can learn more at https://www.2secure.biz/ftc-safeguards-financial-institutions-rule

Contact Info:
Name: Yigal Behar
Email: Send Email
Organization: 2Secure Corp
Address: 1309 Allaire Ave, Ocean Township, NJ 07712, United States
Phone: +1-646-560-5083
Website: https://www.2secure.biz

Source: PressCable

Release ID: 89083745

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