ON DEMAND WEBINAR
About The Webinar
On October 27th, 2021 the FTC completed its rulemaking process for 16 CFR Part 314: Standards for Safeguarding Customer Information. This regulation impacts financial institutions, including automotive dealerships, so long as they maintain customer information concerning more than 5,000 consumers.
This rule sets forth a set of cybersecurity requirements for these institutions to adhere to with the purpose of safeguarding customer data. Some of these requirements include implementing multi-factor authentication, end-to-end encryption, and the development of processes such as change management and incident response. For most requirements, organizations have a year to align with the standard, however there are parts of this rule that must be implemented within 30 days.
Join gold partner Michael Hammond, IT Audit & Security Partner, from O’Connor & Drew, P.C. and bronze partner Andrew Wells, Attorney with BERNSTENSHUR as they break down this new rule for auto dealers and find how this will impact your company. They will discuss the final rule, changes from the proposed rule, how you may already be doing some of the requirements, and how you can expect to become compliant with the areas you are not.
Michael Hammond, Principal
Michael is the Principal of IT Audit & Security at OCD Tech. With over 20 years in various strategic and management IT positions, including 15 years designing and implementing security architecture and security controls, Michael is widely considered a foremost expert in IT security. Michael has traveled extensively as a frequent speaker on trending security topics. In addition to speaking on audit and security, Michael has performed audits and assessments on five continents spanning more than 12 regulatory authorities. Michael is a veteran of the United States Air Force.
Kate Upton, IT Government Compliance Team Lead
Kate Upton is the CMMC Team Lead at OCD-Tech. Kate has been with the firm since May 2019. Before joining the firm, Kate received her Bachelor’s degree in Political Science & Legal Studies from the University of Maine and went on to earn a Master’s degree from Northeastern University in Strategic Intelligence. She dedicates her time at the firm to meeting the unique compliance needs of clients in the Defense Industrial Base with projects including CMMC, NIST 800-171, NIST 800-53, and DFARS rules. Kate lives in Portland, Maine with her dog Lucy.
Andrew Wells, Associate Attorney
Andrew is a senior associate at the law firm, Bernstein Shur, and works out of its offices in Portland, Maine. Andrew graduated from the University of Maine Law School and also has an LL.M in Taxation from the University of Florida Levin College of Law, consistently one of the top three tax programs in the country. Andrew is part of Bernstein Shur’s business law practice group and is part of both the Privacy and IT law team and the Tax law team. Andrew assists clients large and small with drafting, reviewing, and negotiating IT and Intellectual Property contracts, of which customer data privacy are driving concerns. Andrew lives in Durham, Maine with is wife, two young daughters, and two small dogs.