LightYear Is FTC's Data Security Warning To B2B Companies
Law360 (June 14, 2019, 1:50 PM EDT) -- The Federal Trade Commission’s recent settlement with a software developer for automotive dealerships is a stark warning to business-to-business companies processing consumer information to improve their data security and may be a major expansion of the scope of the FTC’s Gramm-Leach-Bliley Act enforcement program. The settlement indicates a renewed focus on supply chain security risks at the FTC and also a broad understanding of who the FTC considers to be a “financial institution” subject to the GLBA Safeguards and Privacy Rules.
B2B Companies Can Be Targeted by the FTC
The target of the enforcement is a company called LightYear Dealer Technologies...
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