The FTC’s Safeguards Rule Takes Effect on June 9, 2023

Is Your Dealership Compliant?

0Days0Hours0Minutes0Seconds

FREE Compliance

Readiness Assessment

Find out with our FREE Compliance Readiness Assessment. We’ll Scan your network for any vulnerabilities that could lead to a cyberattack, and make sure that your dealership meets all the Safeguards requirements.

The FTC’s Safeguards Rule Takes Effect on June 9, 2023

Is Your Dealership Compliant?

0Days0Hours0Minutes0Seconds

Find out with our FREE Compliance Readiness Assessment. We’ll Scan your network for any vulnerabilities that could lead to a cyberattack, and make sure that your dealership meets all the Safeguards requirements.

FREE Compliance

Readiness Assessment

FTC Safeguard’s Rule: What you need to know

The Standards for Safeguarding Customer Information Rule (Safeguards Rule) was created to ensure that financial institutions (which includes automotive dealerships) have the necessary security controls in place to protect the private information of their customers. Originally drafted in 2003, the Safeguards Rule was modified in 2021 to meet the changing technological landscape and address the increased threats of data breaches and ransomware attacks. Automotive Dealers have until June 9, 2023 to meet the Safeguards Compliance Standards or could face fines over $50,000 per violation.

Are you compliant?

The Safeguards Rule defines nine key cybersecurity elements that Ohio auto dealers must have in place to protect the confidentiality of customer data, guard against a data breach or cyberattack, and prevent unauthorized access into your systems and applications. The nine elements include:

  1. Implement and supervise your dealership’s cybersecurity program.
  2. Assess your risks.
  3. Design a plan to assess those risks.
  4. Test the effectiveness of your safeguards.
  5. Train your staff in cybersecurity best practices.
  6. Monitor your service providers and vendors.
  7. Keep your security controls up to date.
  8. Create a written incident response plan.
  9. Report to your Board of Directors.

FTC Safeguard’s Rule: What you need to know

The Standards for Safeguarding Customer Information Rule (Safeguards Rule) was created to ensure that financial institutions (which includes automotive dealerships) have the necessary security controls in place to protect the private information of their customers. Originally drafted in 2003, the Safeguards Rule was modified in 2021 to meet the changing technological landscape and address the increased threats of data breaches and ransomware attacks. Automotive Dealers have until June 9, 2023 to meet the Safeguards Compliance Standards or could face fines over $50,000 per violation.

Are you compliant?

The Safeguards Rule defines nine key cybersecurity elements that Ohio auto dealers must have in place to protect the confidentiality of customer data, guard against a data breach or cyberattack, and prevent unauthorized access into your systems and applications. The nine elements include:

  1. Implement and supervise your dealership’s cybersecurity program.
  2. Assess your risks.
  3. Design a plan to assess those risks.
  4. Test the effectiveness of your safeguards.
  5. Train your staff in cybersecurity best practices.
  6. Monitor your service providers and vendors.
  7. Keep your security controls up to date.
  8. Create a written incident response plan.
  9. Report to your Board of Directors.

Find out with our FREE Readiness Assessment!

WHAT THE TEST WILL ANALYZE:

  • Security Patches & Vulnerability Management

    We will check to see that all security patches are installed correctly and are up to date.

  • Network Perimeter Defense

    We will test your firewalls to make sure they are configured correctly to block unauthorized access to your network.

  • Identity Access & Management

    Are your employees using strong passwords and using MFA on all work devices and apps? Do only the most essential staff have access to your sensitive data?

  • Data Leaks

    Is your critical data stored in a safe place and properly protected on all devices and on your network?

  • Malware Defenses

    Are malware defenses set up to detect and block a malware attack?

  • Current State of your Cybersecurity

    Does your dealership have the proper security controls in place to guard against a cyberattack and meet the Safeguards Rule requirements?

CLAIM YOUR FREE READINESS ASSESSMENT

Find out with our FREE Readiness Assessment!

WHAT THE TEST WILL ANALYZE:

  • Security Patches & Vulnerability Management

    We will check to see that all security patches are installed correctly and are up to date.

  • Network Perimeter Defense

    We will test your firewalls to make sure they are configured correctly to block unauthorized access to your network.

  • Identity Access & Management

    Are your employees using strong passwords and using MFA on all work devices and apps? Do only the most essential staff have access to your sensitive data?

  • Data Leaks

    Is your critical data stored in a safe place and properly protected on all devices and on your network?

  • Malware Defenses

    Are malware defenses set up to detect and block a malware attack?

  • Current State of your Cybersecurity

    Does your dealership have the proper security controls in place to guard against a cyberattack and meet the Safeguards Rule requirements?

CLAIM YOUR FREE READINESS ASSESSMENT

Ohio’s #1 Automotive Cybersecurity Team

The Standards for Safeguarding Customer Information Rule requires auto dealers to implement nine advanced cybersecurity controls or be subject to costly fines. These elements cannot be executed overnight. PCR Business Systems specializes in helping Ohio auto dealerships achieve and maintain Safeguards compliance.

Please don’t hesitate to call us at 330-572-7575 or fill out this form to schedule your FREE Compliance Readiness Assessment.

For nearly 20 PCR has been Northeast Ohio’s trusted cybersecurity company. We are SOC 2, Type 2 Certified, have a 98% customer retention rate, and offer a 100% money back guarantee on all our IT services.

Ohio’s #1 Automotive Cybersecurity Team

The Standards for Safeguarding Customer Information Rule requires auto dealers to implement nine advanced cybersecurity controls or be subject to costly fines. These elements cannot be executed overnight. PCR Business Systems specializes in helping Ohio auto dealers achieve and maintain Safeguards compliance.

Please don’t hesitate to call us at 330-572-7575 or fill out this form to schedule your FREE Compliance Readiness Assessment.

For nearly 20 PCR has been Northeast Ohio’s trusted cybersecurity company. We are SOC 2, Type 2 Certified, have a 98% customer retention rate, and offer a 100% money back guarantee on all our IT services.

PCR Business Systems  | 1655 West Market St., Suite 340 Akron, OH 44313 | 330-572-7575

Scroll to top