Thu, Dec 01, 2022

Keep Your Dealership Compliant with the FTC's Safeguards Requirements-- SIGN UP TODAY!

Vol 1 issue 2

Keep Your Dealership Compliant with the FTC's Safeguards Requirements-- SIGN UP TODAY!

Oregon IADA will host an online Compliance Course for all Oregon Dealers and will be available beginning July 15th, 2022.  All Dealers must be compliant by December 9, 2022 (or face a fine up to $4,000!)   This course is worth 1 credit of Continuing Education.

Auto dealerships collect significant personal information about their customers. This can include names, addresses, phone numbers, social security numbers, and credit and financial information. The Gramm-Leach-Bliley Act Safeguards Rule requires car dealers to protect this consumer information from unauthorized access, fraud, or misuse.

Despite the sensitive nature of customer information that auto dealers must collect, many dealers do not have appropriate protections in place to prevent customer data from theft or misuse. If you’re an automotive executive, you know that in many cases dealerships keep customer files poorly secured both physically and digitally. You may not know that failing to effectively protect customer data could lead to substantial fines and penalties from the federal government.

To comply with the GLB Safeguards rule, auto dealers must implement procedures including,

• Develop, implement and maintain a comprehensive written information security plan
• Ensure that affiliates of the dealership maintain appropriate safeguards
• Designate an employee or employees to coordinate the safeguards
• Identify the risks to customer information in each area of the dealership’s operation
• Evaluate the effectiveness of the current safeguards for controlling these risks
• Design and implement a safeguards program, and regularly monitor and test it
• Select appropriate service providers and contract with them to implement safeguards

These regulations apply to all dealerships, no matter what size or type. In implementing the above regulations, dealers must consider all aspects of their operations, including employee training, information systems, managing system failures, and more.

Special “Thank You” to Texas IADA for teaming up with OIADA!

Go to the Texas Dealer Education Portal through the link below to take the course-- Only $75 for the Qualified Individual and $49 Each for All Other Employees

  • Sample policies and agreements are included at no additional charge (Qualified Individual Course Only)
  • The course is flexible and on-demand to fit your busy schedule
  • Volume Purchase discounts available for members
  • All users earn a certificate upon completion

Education Portal
You can also use the QR Codes below to access the course.

QR code to access course

Contact OIADA for more information 503-362-6839

The Board