North Iowa tech company reaches deal over data breach affecting millions

guest · Sep 6, 2019

LightYear Dealer Technologies also doing business as "DealerBuilt"
North Iowa tech company reaches deal over data breach affecting millions
September 6, 2019
https://www.kimt.com/content/news/N...-data-break-affecting-millions-559586031.html

A Mason City-based technology company has reached a settlement with the Federal Trade Commission (FTC) over a data breach that exposed the personal information of millions of people.

The FTC says DealerBuilt failed to use low-cost and easily available measures to secure the online personal information it received from its clients. The FTC says that failure allowed a hacker to gain access in late October 2016 to an unencrypted data base of about 12.5 million customers. The data base included names, addresses, phone numbers, Social Security numbers, and bank account information.

DealerBuilt must also get third-party assessments of its information security program every two years and have a senior corporate manager certify compliance with the FTC agreement every year. Federal authorities will also have the right to approve the third-party assessor.
DealerBuilt employs about 80 people in Iowa, Texas, and remote locations around the country. It creates data management and data processing systems for auto dealers nationwide.
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guest · Sep 7, 2019

mood said: ↑

North Iowa tech company reaches deal over data breach affecting millions
September 6, 2019
https://www.kimt.com/content/news/N...-data-break-affecting-millions-559586031.html
Click to expand...

FTC: FTC Gives Final Approval to Settlement with Auto Dealer Software Company That Allegedly Failed to Protect Consumers’ Data

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