Background:
The GLBA Act: The Gramm-Leach-Bliley Act requires financial institutions – companies that offer consumers financial products or services like loans, including car dealerships, to safeguard sensitive personal/customer data.
GLBA-covered businesses, which include Automotive dealerships, have until December 9 to implement significant changes to their information security programs as required by the recently amended GLBA Safeguards Rule, amended in Dec of 2021.
The changes to the rule took effect in January 2022, and the compliance deadline is December 9, 2022, however, to ensure compliance, we will be implementing our safeguards in mid-October.