700Credit Reveals Data Breach

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700Credit, a provider of credit and identity-verification solutions for automotive, RV, powersports, and marine dealerships, has disclosed a data breach affecting personally identifiable information (PII) for an undisclosed number of consumers.

The incident has prompted a coordinated response involving cybersecurity experts, federal authorities, and the National Automobile Dealers Association (NADA), with significant regulatory implications for dealerships across the US.

Details of the security incident

According to a statement from the Michigan-based company, a “bad actor” gained unauthorized access to certain PII housed within the 700Dealer.com application layer. Exposed information included names, addresses, and Social Security numbers. No evidence of identity theft, fraud, or misuse has been identified to date.

700Credit stated that third-party cybersecurity ...