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?

Ransom Image

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

bury-head

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?

handshake

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

Does Outsourcing Your IT Make Sense?

Inhouse-v-outsource

There was a time, long ago, when you could sell and service a car or a truck without the need for technology.  Those days are long gone.  Today, technology plays a critical role in a dealer’s ability to make money. Most dealers understand the importance of technology to run their business.  As a result, many … Read more

Using Approvals in Microsoft Teams to Boost Dealer Productivity

Approved-stamp

Dealing with the process of requesting and providing approvals is a common part of every business.  Whether you are seeking approval for something or others are seeking your approval – the speed at which the approval process is completed is essential to your dealership’s productivity. The ability to increase the amount of work that is … Read more

Protecting Against Insider Threats

insider-threat

Often, when a dealership employee resigns or is terminated, the process of off-boarding the employee is left to someone in human resources and/or the employee’s manager.  Unfortunately, in many instances, coordination with the IT team is not a priority.  Not coordinating the off-boarding of an employee with the IT team opens your dealership to a … Read more