MSADA Members!

As your trusted Massachusetts State Automobile Dealers Association technology resource, we’re thrilled to offer you educational opportunities so you can increase your IT knowledge and understanding.

Please see below for more information.

Looking to get breaking automotive news?

Check out these resources below:

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    National Automobile Dealers Association (NADA)

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    NADA Blog

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    ATD Insider

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Looking to stay current with your Auto Retailer IT understanding?

Looking for previous webinars?

Click on any of these options:

How to Manage a Proper PCI Compliance Program Within Your Dealership

IT Policies and Procedures Your Dealership Should Have in Place

Top 5 Ways You Can Protect Your Dealership from a Ransomware Attack

Why You Should Be Using Multi-Factor Authentication (MFA)

What is Cryptocurrency & How To Be Prepared To Accept It

Have a question?

Browse our FAQs for answers:

A: PCI is a set of security standards put in place 2006 to protect consumers’ credit card information. It mandates that all companies that accept, process, store or transmit credit card, debit card, and pre-paid cards information must maintain a secure environment to protect this data.

The PCI standards are managed by the Payment Card Industry Security Standard Council (PCI SSC), enforced by large payment card brands (American Express, Discover, JCB, MasterCard, and Visa International), and audited by qualified PCI auditors.

In addition, The Federal Trade Commission (FTC) is responsible for regulating consumer privacy and security. This means they could play an additional role in enforcing PCI violation penalties. Learn more here.

In general, PCI compliance is required by credit card companies to ensure that online transactions are secure and protected against identity theft. The current standards can be found here.

A: Every merchant that accepts client credit card payment and processes, stores, and transmits this data must be compliant. Even if you take credit card information over the phone, do not store the data, or work with third-party processors, you must still comply with PCI.

A: Compliance failure increases your risk of a security breach, which can lead to hefty penalties, fines, and loss of your merchant account. If you lose your merchant account, you will no longer be able to process credit card transactions and impact your profitability.

A: There are many costs, on top of PCI penalties, when your company experiences a data breach. According to SecurityMETRICS, these costs include:

  • Merchant processor compromise fines: $5,000 – $50,000
  • Forensic investigation: $12,000 – $100,000+
  • Onsite QSA assessments following the breach: $20,000 – $100,000
  • Free credit monitoring for affected individuals: $10-$30/card
  • Card re-issuance penalties: $3 – $10 per card
  • Breach notification costs: $2,000 – $5,000+
  • Technology repairs: $2,000 - $10,000+
  • Increased in monthly card processing fees
  • Legal fees
  • Civil judgments

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