As cybercriminals get craftier, the need for robust cybersecurity measures becomes undeniable. Enter the MSSP, or Managed Security Service Provider—a secret weapon that can turn the tide for dealerships striving to stay ahead of the cybercriminal. So, what exactly is an MSSP, and why do dealerships, in particular, need one? (If you already have an … Read more
Auto dealerships are targeted by cybercriminals – there is no debate. It doesn’t matter if you are large or small. But dealership cybersecurity measures are stuck in the mud. They don’t evolve. They don’t get better. In general, dealerships only seem to recognize the importance of cybersecurity after falling victim to a cyberattack. This reactive … Read more
There is a significant dealership cybersecurity vulnerability that is either ignored or unnoticed by many. This is a major problem as we continue to see an increase in the frequency and severity of cyberattacks aimed at dealerships. It’s important to remember that cybercriminals don’t care if you are large or small. Cybercriminals are opportunists. They … Read more
Article in Wards Auto about cyberattacks targeting dealerships Regarding cyberattacks targeting dealerships Erik Nachbahr commented that “a good start is to know as much about your IT system as you do about other aspects of the business.” Information technology “is the only area in a dealership business that the executive leadership tends to not understand exactly … Read more
If the recent wave of cyberattacks impacting the automotive retail industry has you feeling a bit on edge don’t worry—you’re not alone. The concern many dealers are feeling is leaving them asking “do I have everything that’s needed to protect my dealership?” In this blog, we’ll talk about some of the defenses that all dealerships … 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
The FTC Safeguards Rule mandates that dealerships must “develop, implement, and maintain a comprehensive information security program.” The Rule illustrates the FTC’s commitment to compelling businesses to establish an effective cyber defense to protect consumer information. However, many dealerships are simply concentrating their compliance efforts on isolated measures that alone fall short of constituting a … 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