In this episode of Up to Speed, Matt Gilbert, principal from Baker Tilly’s risk advisory team, offers an update and guidance on the FTC Safeguards Rule impacting dealerships, including:

• Dealerships must comply with the new requirements by June 9, 2023
• Models dealerships are using to become compliant – the pros and cons
• Being prepared for annual compliance - (this isn’t a one and done project)
• Most common themes we’re currently seeing with dealerships
• If you get a security breach – how your compliance may factor in
• What can be done for dealerships that have not started (there’s still time)