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Why Comply with Revised Safeguards Rule? What Auto Retailers Need to Know

Why Comply with the Revised FTC Safeguards Rule?

While the Safeguards Rule originally became law in 2003 to set standards for reasonable safeguards to protect customer information, it saw very little enforcement in part due to the flimsy language used that instructed dealerships to implement reasonable safeguards without specifying any requirements thereby leaving room for interpretation.

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