We Practice Dealership Compliance
Your customer’s security is your responsibility. CTMS keeps companies compliant.
The Gramm-Leach-Bliley Act (GLBA) is a 1999 law that allowed financial institutions to offer commercial and investment banking. The GLBA Safeguards Rule requires institutions covered by the GLBA to protect the confidentiality, integrity, and security of any sensitive information the organization possesses.
Initially, only organizations defined as “financial institutions” were subject to the Safeguards Rule. However, the rule was updated on December 9, 2021. Under the Safeguards Rule, any company engaging in an activity that is financial in nature or incidental to such economic activities is a “financial institution” and must follow the rule.
Any dealership that leases a car longer than 90 days is deemed a financial institution and must comply. You must develop, implement, and maintain an information security program with administrative and technical measures to protect sensitive data. Essential data is defined under the rule as “any record containing nonpublic personal information about a customer of a financial institution, whether in paper, electronic, or other form, that is handled or maintained by or on behalf of you or your affiliates.”
Your information security program has to be written and suited to the complexity of your company. Your security tools should:
Do you have the resources to protect your customers from bad actors? CTMS Ohio is well-versed in the GLBA Safeguards Rule and can help you improve your security posture. We can assess your current solution and recommend upgrades to your security practices. Our tools are advanced and up-to-date. We get your dealership ahead of the race and keep you there.
We help you achieve compliance by implementing a robust security program that covers every aspect of the GLBA Safeguards Rule. Our step-by-step process includes the following:
Our technicians audit your current practices, procedures, policies, and technology.
The CTMS team identifies any non-compliant factors within your organization.
We thoroughly inspect the results of any non-compliant measures and how they pose a risk to your dealership.
Our trained experts collaborate with dealer principals to amend risks, implement the right technology, and gain compliance.
We help you stay up-to-date and sustain compliance through diligence and consistent monitoring.
Unsure where to start with your security program? CTMS Ohio can work with you to define and implement a robust strategy. We update our resources to ensure compliance with the Safeguards Rule. When you partner with our experts, your dealership never falls behind—your customer data remains safe and secure for the long run.
Our security compliance services include:
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