The use of AI in dealerships is no longer science fiction and something that is a futuristic concept. AI is in dealerships right now. For many, leveraging the capabilities of AI in dealerships will revolutionize numerous aspects of operations. From enhancing customer experiences to streamlining internal processes, the applications of AI in dealerships are extensive … Read more
Dealership employees seek the flexibility to work from anywhere. While mobile devices offer this flexibility, they also increase the dealership’s attack surface, providing cybercriminals with an easily exploitable entry point into the dealership’s network. Currently, mobile devices account for more than 60 percent of digital fraud, and one in three organizations has experienced a data … Read more
It’s no longer sufficient to merely react to attacks as they occur. Instead, proactive cybersecurity actions are essential to fortify your defenses and mitigate risks effectively. By taking preemptive steps to strengthen your security posture, you can better safeguard your data, systems, and reputation from malicious actors. Here are some proactive cybersecurity actions you should … Read more
Understanding and managing the attack surface is crucial for protecting dealership networks and sensitive data. The attack surface represents all potential points, known as attack vectors, that hackers can exploit to gain unauthorized access or execute cyberattacks. Common attack vectors within dealerships include: Network Perimeter – The boundary between an organization’s internal network and the … Read more
Dealership cybersecurity challenges in 2024 Published January 3, 2024 Heighten liability risks for dealerships leave them vulnerable to legal action if any cybersecurity prevention falls short of the new FTC requirements. Dealerships are also watching their cyber insurance coverage costs soar at the same time insurers are scaling back protections as they try to rein … Read more
To mitigate the risk of a successful, cyberattack, dealerships must address the most common sources of an attack—unpatched security vulnerabilities, human error, and malware. In this blog, we’re going to focus on the human error component. According to the Verizon 2023 Data Breach Investigation Report, nearly three-quarters of data breaches involve the actions of individuals … Read more
Safeguarding consumer information has become paramount. With the rise of government data security regulations and the increasing incidence and severity of cybercrime, businesses are scrambling to improve their cyber defenses. An essential part of a comprehensive information security program is data encryption. However, the effectiveness of data encryption hinges on a factor often overlooked – … Read more
The Federal Trade Commission (FTC) mandates that dealerships – like any other business – have a “comprehensive information security program” in place to protect sensitive customer data. In this blog, we’ll delve into the critical aspects of vulnerability management, highlighting why a vulnerability scan – while valuable – is just the starting point and by … Read more
Many dealerships have been falsely led to believe that FTC compliance can be satisfied with checklists and self-assessments completed by those with limited – if any – technical cybersecurity training and expertise. This is not the case and the consequences of this approach to cybersecurity, FTC compliance, and in securing cyber liability insurance can be … Read more