2Secure Corp (646 560-5083) introduced a Safeguards Rule compliance service for Connecticut auto dealerships.
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In May 2022, the Federal Trade Commission (FTC) issued a new guidance on the revised Safeguards Rule, which introduced a new set of requirements for auto dealers. 2Secure’s new service is designed to help car dealership owners and managers avoid the fines and risks that come with non-compliance.
More details can be found at https://www.2secure.biz
The deadline to comply with the latest amendments to the Rule is December 9th, 2022 – and 2Secure can ensure that auto dealers in Connecticut meet all the necessary requirements.
The launch coincides with the latest research from Ponemon Institute, which found that the average cost of non-compliance with the FTC’s Safeguards Rule is around $1.9 million for fines and penalties alone. The researchers also calculated other associated expenses, including loss of productivity and business disruption, which amounted to $14.8 million on average.
In light of that, 2Secure Corp recognized the need for a comprehensive compliance service tailored to the needs of small to medium-sized auto dealership businesses. With the new service, the firm implements all necessary steps to ensure compliance and avoid unnecessary costs and risks.
All auto dealerships are assigned a Qualified Individual – a 2Secure cybersecurity expert – who will design and carry out the business’ information security system. The firm will also conduct all other tasks, as stipulated in the revised Rule. This includes risk assessments to identify and address any vulnerabilities in the system. 2Secure conducts a range of assessments, such as malware, ransomware, and penetration testing.
In line with FTC’s requirements, the firm will implement safeguards to manage risks, train the staff – often considered the weakest point in a company’s cybersecurity program, monitor third-party providers, keep the company’s information security program up-to-date, develop a written incident response plan, and deliver annual reports to the auto dealership’s board of directors or senior management.
With 2Secure’s new service, Connecticut auto dealers can protect their customer and company data, and avoid the potentially costly consequences of non-compliance.
About 2Secure Corp
Founded and led by Yigal Behar, 2Secure Corp provides regulation compliance and cybersecurity services for small to medium-sized businesses across sectors.
A satisfied client said, “I rely on Yigal and his team to keep our company up-to-date, secure, and protected. He continually delivers what I need – even before I know I need it. Five stars.”
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
Release ID: 89082588
