Compliance Bulletin: Hackers Threaten Dealerships

Throughout 2016 we found BIG improvements amongst our clients who are keeping up with the ever growing list of strict government regulations that are put on car dealers today.  From installing safeguarding policies to regular auditing and training, these dealers are finding that not only are they keeping themselves and consumers’ safe from thieves looking to steal their confidential private information, they are turning a profit by enforcing compliance in their finance department, one example of this is through proper menu use, presenting the menu to every customer, 100% of the time.

As a compliance company, we are dedicated to staying on top of current threats to dealers and their customers by receiving news alerts and articles highlighting who, what, where, and how dealerships are being affected by those threats. 

An article which covers an important and ever growing issue amongst our Midwest dealer clients comes from Auto Dealer Monthly.  Large threats to dealerships are hackers targeting accounting and F&I departments, networks are being hacked and email scams are on the rise, follow this link to read the article: Hackers Targeting Dealerships, Firm Warns.

If you receive an email from someone within your organization and something seems off or if the email is requesting you to wire funds or asking for confidential or financial information, be sure to follow up and receive a verbal confirmation of the request before responding, the cost can be devastating to an organization. 

If you are concerned with how your dealership may stand up to the laws and would like more information regarding or compliance management solution or are ready to schedule a NO-obligation compliance audit, please follow the link below.