Let’s face it—no one ever said “You know what sounds fun? A deep dive into FTC cybersecurity compliance requirements.” But here we are, because like it or not, the success and survival of your dealership depend on more than just your sales team and service bay. Your cyber defense—and your ability to comply with the … Read more
In a recent Automotive News article titled “FTC publishes an FAQ for dealerships on Safeguards: Here’s what to know,” the Federal Trade Commission’s June release of a detailed FAQ is highlighted as a key resource for dealerships working to comply with the FTC Safeguards Rule. The rule—originally enacted in 2003 and updated in 2021 and … Read more
As a dealership, you’re no stranger to the growing demands of regulatory compliance, especially with the FTC Safeguards Rule in full effect. But here’s a misconception that’s becoming all too common: Does compliance software make you compliant? Unfortunately, the answer is no. Think of it like this: Buying a shiny new set of tools doesn’t … Read more
Your dealership depends on technology—it’s the backbone of everything you do. From managing customer data to driving sales and service operations, your dealership’s tech infrastructure keeps the wheels turning. So why do so many seem to undervalue dealership IT and cybersecurity? Here’s the tough truth: most dealerships don’t have the right resources to handle IT … Read more
Network security continuously evolves. But one thing remains constant – the importance of protecting identities and access. Traditionally, network perimeters served as the frontline defense, but with the rise of cloud computing, remote work, and mobile devices, the focus has shifted towards ID Access Management (IAM). For dealerships leveraging a multitude of applications, ID Access Management presents … Read more
The FTC Safeguards Rule mandates that dealerships must “develop, implement, and maintain a comprehensive information security program.” The Rule illustrates the FTC’s commitment to compelling businesses to establish an effective cyber defense to protect consumer information. However, many dealerships are simply concentrating their compliance efforts on isolated measures that alone fall short of constituting a … Read more
The Federal Trade Commission’s (FTC) Safeguards Rule and cyber liability insurance requirements are putting immense pressure on auto dealerships to secure their sensitive data. Seeking an easy, inexpensive solution, many have been tempted by the allure of a “magic pill.” But here’s the stark truth: there is no such thing. A prime example of this … Read more
Dealerships face challenges when it comes to securely receiving customer files. Often, employees ask customers to send files via text, email, or other unsecured methods. This will violate the new FTC Safeguards Rule’s regulations regarding the secure transfer, storage, and restricted access of Personally Identifiable Information (PII). However, there’s an easy solution to this problem … Read more
Coronavirus has heightened our need to rethink and retool the way we operate our businesses. The reality is that things are very different – and they are unlikely to ever return to the way they were in the past. We can either do something about our new reality or we can stick our heads in … Read more