New FTC Data Security Order Shows Trend in Increased Accountability for Data Security Post-Order

June 18, 2019

On June 12, 2019 Lightyear Dealer Technologies LLC, a company that provides data storage for many of the nation’s largest auto dealers, stipulated to an Order with the Federal Trade Commission (FTC) resulting from a 2016 data breach that allegedly affected almost 70,000 people. The settlement resulted in a proposed FTC order that imposes standard injunctive provisions on the company, including the development of a comprehensive information security program and submission to bi-annual information security assessments by an independent third-party assessor. The proposed Order will be published in the Federal Register for a 30-day comment period, after which the Commission will consider comments and vote on whether to make the Order final, as is or with modifications.

Read more at JD Supra

^