Legal Responsibilities of an Auto Dealer Management System
Protecting Your Auto Dealer Management System
The Federal Trade Commission (FTC) regulates businesses in respect to how they must handle customer information. Businesses that do not keep their management systems or other data storage systems secure and up to FTC standards can face hefty fines. If a breach occurs the FTC also mandates what you must do to inform those whose information has been affected.
Whether it’s managing inventory, sales, financing or parts, you are probably well aware of the important role your dealership management system plays in your day-to-day operations. But have you ever stopped to think about what all of this localized data means from a security standpoint.
What is a valuable resource to you could be even more profitable for data thieves looking to access customers’ personal information. You have a legal responsibility to do everything you can to protect the personal information given to you by customers. It is important that you evaluate the security of your dealer management system and address any problems that you find.
