DealerBuilt

FTC approves settlement with Iowa software company over security practices

An Iowa software company selling data services to auto dealers has agreed to a settlement with the Federal Trade Commission after the FTC alleged the firm’s poor data security practices led to a breach exposing personal information of millions of auto dealer customers.  The FTC approved the settlement this week with LightYear Dealer Technologies LLC, known by DealerBuilt, which has offices in Mason City and Grapevine, Texas. The FTC alleges