Ftc Safeguards Rule 2024 Dealerships. On december 9th, 2021, the federal trade commission (“ftc”) issued an updated safeguards rule (“final rule”) [1]. Ftc safeguards rule was amended by the federal trade commission in 2021.
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. The original ftc safeguards rule required dealerships to have procedures in place to respond to security events, or incidents affecting customer information.