Dealer Association Claims It Will Cost Too Much To Secure Consumer Data From Criminals

Potential revisions to federal data security rules could add billions of dollars in costs to U.S. auto dealerships in total, as stores already are slumped under the weight of shrinking margins and slowing new-vehicle sales.
 
Proposed changes to the Federal Trade Commission's Safeguards Rule, which dictates how financial institutions protect consumer data, would require dealerships nationwide to shell out hundreds of thousands of dollars each annually to comply, on top of what they spend to comply with other regulations, leaders of the National Automobile Dealers Association contend.

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atc98092 - 9/9/2019 11:40:59 AM

+3 Boost

If you're going to be working with our personal information, you damn well better protect it. Dealers work with your complete personal and financial information. That has to be protected.