700Credit, a provider of credit reporting and compliance solutions for the automotive, RV, powersports and marine industry, recently reported a data breach with the following announcement:
“700Credit regrets to inform you that our industry was attacked again by a bad actor who had unauthorized access to some of our personally identifiable information (PII) including name, address and social security number. The investigation is ongoing and most importantly there is no indication of any identity theft, fraud, or other misuse of information in relation to this event.
We have engaged cybersecurity experts who did not identify any impact on our internal network, and confirmed all activity is limited within the 700Dealer.com application layer. We confirm there is no operational impact on our business, and we are able to continue providing services as scheduled. We recently mailed a detailed letter to all impacted dealers and are in the process of notifying every impacted consumer.
We pledge to take extraordinary steps necessary to assist consumers and notify required parties on behalf of dealers. We timely notified the FBI and the FTC and confirmed with the FTC that 700Credit’s filing on behalf of all dealers is sufficient to meet dealer obligations to notify the FTC. In addition, we will be notifying State AG offices on behalf of dealers. Impacted consumers will also be notified and offered credit monitoring services and assistance they may need.
700Credit has also been working directly with [the National Automobile Dealers Association (NADA)], and we are pleased to share this information NADA recently published.
We have established a dedicated line (866) 273-0345 to address any further questions. As a matter of policy, 700Credit cannot advise dealerships as to specific legal obligations so it may be necessary to consult with your counsel.”
