Welcome to Volie Rally #59! Today, Josh Stevens, Partner at Mac Murray & Shuster LLP, will discuss Privacy and Data Management. We’ll delve into the recent CDK cybersecurity attack and discuss what we can learn from a data breach. No matter the size of your business or the robustness of your security measures, there is always a risk. Dealerships must take proactive steps to protect consumer data. Josh highlights the importance of the Gramm-Leach-Bliley Act (GLBA), noting that automobile dealers are considered financial institutions under this act. Non-compliance with GLBA can result in penalties of up to $50,000 per violation. Josh recommends consulting the NIST cybersecurity framework for comprehensive guidelines to stay compliant. Tune in for more insights and recommendations from Josh Stevens. If you have any questions, contact Josh at jstevens@mslawgroup.com.
