Vancouver, December 15, 2025 – LGM Financial Services is proud to share that the LGM HUB, LGM’s Point of Sale System, has achieved SOC 2 compliance. This milestone underscores LGM’s commitment to strong governance by ensuring robust controls, clear accountability, and disciplined oversight in how systems and customer data are managed and protected.
LGM has successfully completed SOC 2 Type 1 certification and is actively progressing toward Type 2, which will independently validate the effectiveness of these controls over time. This phased approach demonstrates LGM’s ongoing commitment to operational excellence and secure, reliable technology.
As cyber threats continue to rise with attacks per organization increasing 47% year-over-year in 2025, trust, security, and reliability are essential requirements for digital dealership ecosystems. Although SOC 2 compliance isn’t mandatory across the industry, LGM proactively pursued it, recognizing its responsibility to protect sensitive information, further demonstrating LGM’s continued commitment to responsible technology practices and safeguarding the information entrusted to it by OEM and dealer partners and their customers who rely on this technology.
“Ultimately, this is about doing the right thing for our partners and their customers,” said Scott Rutherford, EVP of Technology. “Dealers trust us with sensitive information, and while SOC 2 compliance is not yet mandatory across the industry, we chose to proactively pursue it early to set a higher standard. Protecting sensitive data and operating with strong governance is no longer optional, and we’d like to encourage dealers and OEMs to ask their administrators what steps they’re taking to meet this bar. Achieving SOC 2 reflects our commitment to strong governance, responsible technology, and earning long-term trust by safeguarding dealer and customer data today and into the future.”
What is SOC 2
SOC 2 is an independent compliance framework that evaluates how organizations design and implement controls related to security, availability, confidentiality, and risk management.
SOC 2 Type 1 specifically validates that these controls are appropriately designed and in place at a defined point in time, providing external assurance that systems are built with strong governance and security foundations.
Achieving SOC 2 Type 1 compliance followed several months of focused work throughout 2025, involving LGM’s technology, security, and operations teams and culminating in an independent audit later in the year. To support this effort, LGM implemented a modern governance, risk, and compliance (GRC) platform that automates risk management, policy enforcement, and continuous monitoring—helping ensure security practices scale alongside the business.
Benefits for Dealers
For LGM’s dealer partners, SOC 2 Type 1 compliance provides added confidence that:
- Systems supporting their operations are secure and governed with best practices
- Risks related to access, uptime, and incident response are actively managed
- Customer information is protected using clearly defined, responsible controls
This milestone reinforces LGM as a trusted, compliant partner at a time when expectations for security, privacy, and reliability continue to rise. It also supports LGM’s broader ESG commitments—particularly governance—ensuring operational resilience and responsible digital practices.
Looking Ahead: SOC 2 Type 2
With SOC 2 Type 1 achieved, LGM Financial Services is preparing for SOC 2 Type 2, which evaluates how effectively its security and governance controls operate over time—not just at a single point. This demonstrates that the company’s data protection and oversight practices are consistently applied in day-to-day operations, strengthening trust with dealer partners.
To learn more about LGM’s intelligent technology visit, https://www.lgm.ca/intelligent-technology/.
About LGM Financial Services Inc.
LGM Financial Services (LGM) is a leader in Canada’s automotive space, focused on revolutionizing the consumer automotive experience through technology, transparency, and sustainability. Since 1998, LGM has been providing branded Finance and Insurance (F&I) products to distinguished automotive manufacturers and dealers across the country. LGM works to maximize dealership performance and customer satisfaction through products that are backed by an elite F&I sales and training program, and a comprehensive claims and dealer support network. For future information visit www.LGM.ca.
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