FTC Settles Data Security Claims with Auto Dealer Tech Provider

An auto industry technology company has settled Federal Trade Commission claims related to a data breach that the agency said exposed the personal information of more than 12 million people.

LightYear Dealer Technologies LLC, which does business as DealerBuilt, agreed to have an FTC-approved outside company assess its cybersecurity program every two years and have its executives take responsibility for data security compliance, under the proposed settlement the commission released June 12.

The settlement reflects the agency’s new direction in data security enforcement actions. The FTC said in April that it’s been rethinking the provisions in its orders, including improving ...