The key to mitigating – or eliminating – the impact of a cyberattack is to detect the attack in its infancy, swiftly stop it, and then quickly remove all malicious software from your network. This cannot be accomplished in a reactive, passive manner. With a passive approach, a cybercriminal will often penetrate your network undetected … Read more
Dealers are concerned about complying with the new FTC Safeguards Rule. As they delve into what they need to do to comply there appears to be confusion about the option of either implementing continuous threat monitoring or conducting an annual penetration test along with vulnerability scanning twice per year. The FTC says that “absent continuous … Read more
The high velocity consolidation of the automotive retail space coupled with an explosion in cybercrime makes it increasingly important to be aware of the impact an acquisition can have on the capacity and effectiveness of your IT team. Throw into the mix a slew of new consumer data privacy regulations like the FTC Safeguards Rule, … Read more
The cyber liability insurance market is in turmoil. Insurers found themselves exposed to a significant increase in the volume and severity of ransomware attacks that they didn’t foresee. As a result, cyber insurers have experienced record losses. This has led to a hardening of the cyber liability insurance market where insurers are now providing less … Read more
No one is perfect. No business has the perfect cybersecurity set-up. Everyone has ample room for improvement. Improving your cyber defenses is an ongoing endeavor. It never ends because the cybercriminal is constantly evolving, and cybersecurity best practices regularly adjust based on new technological advances and the altering tactics of the criminal. So, in this … Read more
There’s a lot that goes into implementing and maintaining an effective cyber defense. But there is one key element that rises to the top from an effectiveness standpoint – continuous threat monitoring. There is nothing that you can do to mitigate the impact of a cyberattack that is more effective than continuous threat monitoring. We … Read more
A recent survey performed by Cybereason found that 80% of organizations that fell victim to a ransomware attack and paid the ransom were attacked again. They also report that 68% of those that suffered a second attack were attacked within one month of the first attack – yikes! It doesn’t stop there. Apparently, once the … Read more
Backups provide dealerships with the ability to recreate data impacted by a ransomware attack or other malicious threats. Today, it is critical that all dealerships have data backup best practices in place to ensure that the impact of a cyberattack is minimized. An effective data backup strategy is central to your dealership’s business continuity. Secure … Read more
For businesses of all sizes, the threat and financial impact of a cyberattack is rising. Many businesses are looking to cyber liability insurance to help. But the increasing demand for cyber liability insurance, and a tightening supply, has resulted in soaring premiums and a stricter approval/renewal process. Our dealership cyber insurance requirements checklist covers what … Read more