New FTC rules mean dealers must pay heightened attention to the areas of their operations impacted by regulations designed to prevent identity fraud.
Automotive Compliance Consultants specializes in dealership compliance and offers solutions to all compliance needs.
Recent FTC actions against auto dealerships make clear:
- Your dealership is deemed a financial institution and is squarely on FTC’s radar.
- Your dealership is on the radar of the criminal element that seeks your financial and customer information.
- If your idea of financial compliance is the issuance of a privacy statement and a written document you created or bought five years ago, then you are playing Russian roulette.
- If you rely solely on your firewall and computer updates for your information security program, then your information is not secure.