The repercussions of identity theft are disruptive and costly, which is why the Federal Trade Commission (FTC) implemented the Safeguards Rule in 2003.
A long time finance manager, with over a decade of employment at a prominent exotic car dealership, was sentenced to jail for over six years in late February.
Consider the potential damage if the data in your Dealer Management System (DMS) or Customer Relationship Management (CRM) were hacked or compromised.
The coronavirus pandemic has made it difficult to impossible for dealers to perform certain contractual obligations. Especially where shelter-in-place orders are in effect.
Let us know if you would like to speak with a dealership compliance consultant and get answers specific to your dealership or environment.