5 Cybercrime Statistics That Dealers Should Know

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It seems like every year there is more cybercrime than the year before.  And today – by taking advantage of Ransomware as a Service (RaaS) – more and more criminals are jumping into the cybercrime game.  Additionally, the ingenuity, persistence and growing support of state actors all contribute to a very sophisticated and increasingly difficult … Read more

What is Advanced Endpoint Threat Protection?

Old Way New Way on Blackboard

Let’s start by describing an endpoint.  Endpoints are the devices used by employees to access organizational resources like applications, files, email, etc.  For most dealers, endpoints are workstations (i.e., PCs) or servers.  Endpoints are one of the most common points of attack that a cybercriminal uses to access your network. Now that you know what … Read more

Banning Payments To Ransomware Attackers Gaining Momentum

costs of a ransomware attack

Unfortunately, many businesses have not properly invested in the cybersecurity best practices that are required to effectively defend against a cyberattack.  For many businesses, their defense of choice has been either to: Bury their heads in the sand and hope the cybercriminal stays away. Get cyber insurance and just pass the risk onto the insurer. … Read more

Should You Make A Ransomware Payment?

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According to the Harvard Business Review, in 2020 ransomware attacks grew 150% from 2019 and the amount that victims paid increased by more than 300%!  As a result of the ransomware onslaught, we are all exposed to what feels like a constant stream of ransomware related horror stories.  And, unfortunately, the reality is that for … Read more

Can Cybercriminals Transform A Dealership Into An Infectious Hotspot?

infectious-hotspot

IMPORTANT:  THIS IS NOT ABOUT COVID!  THIS IS ABOUT THE SPREADING OF MALWARE.  And, yes, a cybercriminal can transform a dealership into an infectious hotspot for malware if the dealership lacks the appropriate cybersecurity best practices needed to keep today’s cybercriminal at bay. There is growing consumer demand to combine mobility and communication and according … Read more

Dealer Cyber Insurance & The Tightening of Underwriting Guidelines

Cyber-Insurance

A recent Marsh & McLennan report states that cyber insurance rates could rise as much as 50% in the next 3-4 years.  They also report that since 2018 the number of cyber events has grown 150% and there have been more than $20 billion in ransomware claims.  Ransomware frequency and severity is leading to an … Read more

A Growing Issue – Cybersecurity Fatigue

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It seems like every day there is another news story about a cyber-attack.  The story is almost always the same – a company is forced to inform the public, provide an apology and promise that they have enhanced their cyber-defenses to prevent a future breach from happing.  We then go on with our day and … Read more

Internal IT Working With External IT – Does This Work?

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Well, the short answer is yes, it can.  In fact – if it is done correctly – it is an optimal approach to maximizing the performance of a dealership’s IT team. The technology that dealers depend on to sell and service cars and trucks is complex and this technology advances continuously.  Throw into the mix … Read more