Ready for Safeguards?
We provide automotive dealerships with an affordable and more important, a complete ‘Safeguard Ready’ solution to help them achieve compliance with the new updated FTC Safeguards Rule. Now you can have the peace of mind you deserve regarding your customer information security. Our Safeguard Ready solution has been designed by IT experts who are also car people. You are a click away from been 100% FTC Safeguards Compliant!
Features
WHY SHOULD YOU GO WITH US
The Safeguard Ready program has features that offer a comprehensive solution that is simple to implement, protecting your dealership from frivolous lawsuits and the loss of business. The main elements are designed to protect your customers’ personal information leading to safe profitable transactions, greater customer satisfaction and increased profits for your dealership.
Advantages
WHY SHOULD YOU GO WITH US
Our advantages create Safeguards Ready conditions, giving your dealership a greater chance of success by protecting sensitive customer information. The advantage of our Safeguards solution is simple and effective. We solve the problem of compliance in conjunction with the FTC demands and mandate.
Why should you go with us? We offer the great advantage of cutting-edge digital tools to protect valuable customer information and satisfy FTC compliance requirements. Our advantages give you a competitive edge which helps your dealership to win.
Ready from the start
Full compliance out of the box with FTC Safeguards Rule.
Complete Solution
Provision of a reliable and complete turn-key solution.
Easy Implementation
Proven process from an easy and stress-free implementation.
Less Intrusive
Better results with less dealer personnel involvement
Benefits
Our ‘Safeguard Ready’ process brings you several valuable benefits. We assure you of how to execute a plan for FTC Safeguards Rule Compliance as you implement our process. We continue to work for you as a good waiter would in an excellent restaurant. Our dedicated team is here to serve with the attention to detail needed to remain compliant.
With our Safeguard Ready process, it is easy for you to protect customer sensitive information, resulting in peace of mind, happy customers and financial profitability.
Our Service
Full compliance is achieved by contracting SR-VCISO per rooftop and SR-Protect per user.
Virtual CISO
Best solution for your dealership
- Designate a Qualified Individual
- Conduct risk assessment
- Implement safeguards to controls
- Identification of customer data
- Secure practices for in-house developed
- Customer information disposal and retention
- Procedures for change management
- Regularly monitor and test of safeguards
- Internal penetration testing
- Vulnerability assessments and scans
- Service providers and vendors risk assessment
- Keep your information security program current
- Establish a written incident response plan
- Help your Qualified Individual report to your Board of Directors
SR Protected
Trained and protected personnel
- Multi Factor Authentication - MFA
- Endpoint Detection Response - EDR
- Data breach prevention
- Monitoring and logging of users access
- Security training and wareness
- Advanced email phishing coampaigns
- Customer information encryption
Virtual CISO
Best solution for your dealership
- Designate a Qualified Individual
- Conduct risk assessment
- Implement safeguards to controls
- Identification of customer data
- Secure practices for in-house developed
- Customer information disposal and retention
- Procedures for change management
- Regularly monitor and test of safeguards
- Internal penetration testing
- Vulnerability assessments and scans
- Service providers and vendors risk assessment
- Keep your information security program current
- Establish a written incident response plan
- Help your Qualified Individual report to your Board of Directors
SR Protected
Trained and protected personnel
- Multi Factor Authentication - MFA
- Endpoint Detection Response - EDR
- Data breach prevention
- Monitoring and logging of users access
- Security training and awareness
- Advanced email phishing campaigns
- Customer information encryption
Frequently Asked Questions
The Safeguards Rule requires financial institutions to develop, implement, and maintain an information security program with administrative, technical, and physical safeguards designed to protect customer information. That’s why dealerships should be aware of the update.
1. Designate a qualified individual to implement and supervise your company’s information security program.
2. Conduct a risk assessment
3. Design and implement safeguards to control the risks identified through your risk assessment
4. Regularly monitor and test the effectiveness of your safeguards.
5. Train your staff.
6. Monitor your service providers
7. Keep your information security program current
8. Create a written incident response plan
9. Require your qualified individual to report to your Board of Directors
If dealerships are not in compliance by the December 9 deadline, there’s always the exposure of lawsuits and potential fines down the road. FTC enforcement actions are possible and can be up to $46K per violation.
More likely issues would be consumer class action lawsuits as the FTC considers a violation to constitute deceptive trade practices.