Federal Trade Commission Safeguards Rule and your Dealership
IDS has negotiated special pricing for active customers to solve for the FTC Safeguards rule Information Security requirements mandated by December 9th, 2022.
NETSYNTROPY is a leader in managed Cyber Security. We serve customers in industries with high regulatory compliance requirements since 2016.
From proactive planning to supportive, timely response when you need it the most, we’re the trustworthy cybersecurity team you can count on. Our comprehensive security solutions include Advisory, Implementation, and Security Monitoring Services.
Our vision is to help build a culture of security for your organization, providing a proactive, planned-out response when cyber threats arise.
Our services are designed with your dealership in mind. We provide cost-effective services provided in a structured time sensitive manner.
Sign up today and start securing your company
Guided Electronic Audits & Risk Assessments
Virtual Chief Information Security Officer
Industry specific policy templates
Employee Security Awareness Training
Electronic Vendor Risk Assessment Questionnaire
Access to Experts*
MANAGED CYBER SECURITY
Full Disk Encryption
Next Generation Endpoint Protection
à la carte
Depending on your existing maturity, your dealership may only need to pick individual services. At NETSYNTROPY, we are here to help if you need any one of our services to bring you into compliance.
The Safeguards Rule requires institutions to develop, implement, and maintain an information security program with administrative, technical, and physical safeguards designed to protect customer information. The Rule defines customer information to mean “any record containing nonpublic personal information about a customer of a financial institution, whether in paper, electronic, or other form, that is handled or maintained by or on behalf of you or your affiliates.” (The definition of “nonpublic personal information” in Section 314.2(l) further explains what is – and isn’t – included.) The Rule covers information about your own customers and information about customers of other financial institutions that have provided that data to you.
For auto dealerships, nearly 84 percent of consumers would not buy another car from a dealership that had a security breach.
Approximately 33 percent of consumers are not confident in the security of their personal and financial data when buying a vehicle at a dealership.
Simple answer, if you have a breach you will have to pay penalties, and damage to your reputation could negatively impact sales.
Cyber Risk Insurance is now requiring many of the same security controls to provide coverage.
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