Did you know non-compliance with the FTC Safeguard Rules can result in fines of $11,000 per day? Dealerships are required to develop, implement and maintain a comprehensive information security program that protects their customers' personal information under the Federal Trade Commission's Safeguard Rules. This includes written, printed and electronic information. The impact to a dealer's reputation resulting from the loss or theft of a customer's personal information can have long-lasting implications for the dealer.
Eide Bailly can help your dealership comply by performing an initial risk assessment and reviewing current operating policies and procedures for compliance, and developing and maintaining information security programs. Our professionals can also evaluate and test critical technology and computer systems, assist in developing the written plan and all elements that must be included, as well as prepare policies and procedures supporting the written plan. Our assistance doesn't stop there. We can also provide compliance training for employees,
Let us help you comply with the FTC Safeguard Rules. Eide Bailly is experienced in interpreting and understanding government rules and regulations and how they can be applied to your dealership. And once your compliance plan is implemented, we will test and monitor your compliance on an ongoing basis.
