BOSTON, July 16,
2024 /PRNewswire/ -- Cybercrimes like dealer system
hacks, identity theft, and breaches are wreaking havoc on the auto
industry. As the industry becomes more technology-driven,
increasingly sophisticated cybercriminals are finding more
opportunities to strike. In fact, the auto sector is now the third
most targeted behind healthcare and financial services. The recent
attacks against Findlay Auto Group and CDK Global are
just two of many examples that have brought attention to the
industry's vulnerabilities.
A number of regulations have been issued to ensure dealers
adequately protect consumer data. In particular, the Red Flags Rule
requires dealers to implement programs to protect customers from
potential identity theft and fraud.
That's why Aura, the all-in-one consumer online safety solution,
today announced its partnership with Mosaic Compliance Services to
provide identity protection to anyone who gives dealers personally
identifiable information (PII) during the car-buying process.
Mosaic is a leader in helping dealerships nationwide implement
legally defensible and insurable compliance systems. By combining
Aura's award-winning identity theft protection services with
Mosaic's industry-leading fully managed compliance solutions, this
partnership helps dealers adhere to the Red Flags Rule regulations,
mitigate risk, and provide proactive protection
from cybercrime for their roofs, shoppers, and buyers.
"We partnered with Aura so that every consumer, shopper, or
buyer gets identity theft protection simply because they gave the
dealer their non-public personal information," said James S. Ganther, Esq., CEO at Mosaic Compliance
Services. "Through this collaboration, we're able to both provide
peace of mind to buyers whose information is collected and ease the
compliance burden for dealers–providing everything from counsel on
policies to operational improvements, audits, and consumer online
protections."
Aura plays a crucial role in the mitigation piece of compliance
with the Red Flags Rule. With these regulations, auto dealers are
now obligated to protect the personal information provided to them.
By offering Aura to consumers, dealers help proactively mitigate
fraud by monitoring for instances of identity theft,
credit misuse, and financial fraud.
"With cyber attacks, scams, and breaches happening every day,
car buyers are aware of the risk associated with providing their
personal information to companies," said Scott Hudson, Senior Vice President of Sales at
Aura. We know that 84% of customers say they would not buy another
vehicle from a dealership if a breach compromised their data. By
offering Aura's identity protection solution to every consumer who
provides personally identifiable information, dealers
can earn trust upfront in the car-buying process."
Aura works with hundreds of dealerships across the U.S. to offer
identity and fraud protection to hundreds of thousands
of consumers. If you're interested in partnering with Aura and
Mosaic Compliance Services, contact autodealer@aura.com.
ABOUT AURA
Aura is one of the fastest growing online
safety solutions for individuals and families. Whether you're
protecting yourself, your kids, or your aging loved ones, Aura can
meet your needs at every stage of life. Customers trust Aura's
simple interface to effortlessly safeguard the things they care
about most. Through real-time monitoring and alerts, Aura helps
detect and mitigate emerging online threats, such as scams,
predators and cyberbullying. To discover how Aura is reshaping
online safety for people everywhere, visit www.aura.com.
ABOUT MOSAIC COMPLIANCE SERVICES
Mosaic Compliance
Services was founded in 2006 by automotive attorneys who saw the
need to make compliance more approachable and effective for
dealerships. Today, Mosaic is a leading provider of compliance
solutions for dealers. Serving over 150,000 active users, we help
dealerships across the country implement a culture of compliance
that includes processes, training, policies, certifications,
safeguards, audits, and more. Our web-based legal compliance
training has received the Dealers' Choice Diamond Award eight years
in a row, including 2023. In everything we do Mosaic strives to
provide the most knowledgeable service and tailored guidance in the
industry. As your dedicated compliance partner, our goal is your
success.
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SOURCE Aura