Safeguards Rule

In 2003 the FTC enacted the Safeguards Rule, a privacy provision to the Gramm-Leach-Bliley ACT.  The rule requires auto dealerships to have an effective security program in place to protect consumer information and to reduce the odds of identity theft. 

gvo3 & Associates can help your dealership with the implementation of a comprehensive Safeguards program.  The Safeguards Rule established 5 key elements to a satisfactory security program:

	1.	Designate a Compliance Officer
	2.	Conduct a Risk Assessment
	3.	Design and implement an Information Security Program
	4.	Provide initial and ongoing employee training
	5.	Conduct periodic audits of the Information Security Program

gvo3 & Associates will assist in these efforts by:

• Conducting a comprehensive review of the dealerships current risks
• Assisting with the development of a policy and procedure manual which outlines the specifics of the dealership’s Information Security Program
• Training the Compliance Officer
• Developing and implementing training for the staff
• Conducting ongoing periodic audits of the program to ensure effectiveness