FTC Safeguards Rule Compliance for Auto Dealers
The FTC Safeguards Rule requires every auto dealer to designate a Qualified Individual responsible for overseeing their information security program. Most dealers are exposed. Vectis serves as your Qualified Individual with AI-powered compliance monitoring on a monthly retainer.
The FTC requirement
Since June 2023, the revised FTC Safeguards Rule (16 CFR Part 314) requires every financial institution — including auto dealers — to designate a Qualified Individual responsible for overseeing and implementing their information security program. This isn't optional. Failure to comply can result in FTC enforcement actions, fines, and reputational damage. Most dealers have done nothing.
What Vectis provides
Qualified Individual (QI) designation
Vectis serves as your designated Qualified Individual under the FTC Safeguards Rule. This is a formal, ongoing role — not a one-time audit.
Information security program
We build and maintain your written information security program, including risk assessments, access controls, encryption requirements, and vendor management.
AI-powered compliance monitoring
Continuous monitoring of your security posture with AI-powered alerts for policy violations, access anomalies, and compliance gaps.
Employee training & awareness
Annual security training for all staff with documented completion records. Phishing simulations and social engineering awareness programs.
Incident response planning
Written incident response plan with defined roles, notification procedures, and forensic protocols. Tested annually.
Board & management reporting
Annual written report to your board on the status of the information security program, as required by the Safeguards Rule.
Why Vectis for auto dealers
Peer credibility, not just credentials
Our team has hands-on mechanical background since childhood — from oil changes to alternators to motorcycles. We speak the language of the shop floor, not just the server room.
Multi-rooftop efficiency
One conversation, multiple rooftops of compliance coverage. We're purpose-built for dealer groups where the same security framework applies across locations.
Pricing
Includes QI designation, information security program management, continuous monitoring, employee training, incident response planning, and annual board reporting.
18,000+ franchised dealers. Most are exposed.
The FTC Safeguards Rule compliance deadline has passed. If you don't have a Qualified Individual on record, you're already non-compliant.