Data Breach Compliance

Fine = Up to $100,000.00/Per Violation

The act was set-up to protect the Privacy of Consumer Information and sets the standards for privacy notices, opt-out notices, and how NPI (Nonpublic Personal Information) can be used or disclosed.

Fine = Up to $42,350.00/Per Violation

If a person gives you Nonpublic Personal Information in connection with a potential transaction, even without completing a formal application, a Privacy Notice must be signed and safeguarded.

Fine = Up to $42,350/Per Violation

Requires companies to develop a written information security plan or Data Breach Response Plan. The plan must define how a dealership handles customer information and the steps it would take in the event of a Data Breach. This process must be Formalized of who is going to handle what, in each phase of the Breach.

Fine = Per Violation $3,817.00

Your dealership must have an Identity Theft program in place as a creditor and have a written prevention program to detect "Red Flags" of Identity Theft and take the necessary steps to prevent the crime. Businesses must Mitigate Identity Theft Prevention and Credit History Restoration, for potential customers. 

(Give them ID Theft Recovery)