Cybersecurity is no longer a “them” problem; it’s an “us” problem. Companies can no longer bury their heads in the sand, rationalizing that cyber incidents only affect certain industries or certain types of businesses.

Everyone who does business with the Department of Defense should be fully aware by now that there is a looming deadline of Q1 2025 to meet updated security standards in order to continue doing business with the DoD.

If you manage or own an auto dealership you understand how vital technology is for your business. Not only do you use technology for managing vehicle inventory, creating sales orders or financing and processing loans, but you also use technology to safeguard your own sensitive information and that of your customers.

If you own or manage a car dealership, you rely heavily on technology, from managing vehicle inventory, to creating sales orders and processing loans.

If you manage or own an auto dealership, you understand the need for data security. In addition to safeguarding your own sensitive information and that of your customers, there are regulatory obligations such as the Federal Trade Commission’s (FTC’s) Safeguards Rule to consider as well.

Although they are not financial institutions, auto dealers handle sensitive information about their customers. From banking information to social security numbers, driver’s license numbers to credit information, this information can be used by criminals to steal a customer’s identity.

The Federal Trade Commission (FTC) Safeguards Rule has been amended to include non-banking institutions that handle consumer financial information; car dealerships fall into this category.

Protecting customer data is crucial for any business. Car dealerships are no exception. This information is so important that the Federal Trade Commission (FTC) has amended its Safeguards Rule to strengthen the requirements for data security for dealerships.