dealership cybersecurity

Dealer Cyber Insurance & The Tightening of Underwriting Guidelines

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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 SOC Provides Dealerships With Continuous Threat Monitoring That Mitigates The Risk Of A Cyberattack

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SOC Image

Before we get into what a SOC (pronounced sock) is and why every dealer should have one, it’s important to first consider the following which was reported in IBM’s 2020 Cost of a Data Breach Report: On average, from the time a breach begins, it takes about 207 days just to detect the breach. It … Read more

Cloud Computing Benefits for Auto & Truck Dealers

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Cloud Computing

According to a study by the International Data Group, 69% of businesses are already using cloud technology in one capacity or another.  Is your dealership one of these businesses? The cost of purchasing, owning and operating on-premise software applications can be a major drain on a dealership’s IT budget.  Most significant are the costs associated … Read more

Cybersecurity, Productivity And Customer Loyalty All Having Something In Common – Technology

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Tech is mission critical

Coronavirus has heightened our need to rethink and retool the way we operate our businesses.    The reality is that things are very different – and they are unlikely to ever return to the way they were in the past.    We can either do something about our new reality or we can stick our heads in … Read more

The Essentials For Remote Worker Security

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laptop working remotely

Remote access for employees has always been a necessary option for most businesses. This can be beneficial for productivity, employee retention, and mobility, but it does not come without risks. Now, more than ever, it is important to define what the corporate policies are surrounding remote access, what risks are associated with this access, and … Read more

Colorado Auto & Truck Dealers’ Blueprint for Consumer Privacy

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Car salesman working on computer

When Colorado’s state legislature introduced their current consumer data privacy law back in 2018, it was hailed as one of the strictest in the country. Now that assessment feels quaint, as dozens of other states have passed — or are working on — data privacy laws that equal or surpass Colorado’s in terms of toughness. 

Still, Colorado’s law — officially known as House Bill 18-1128 — places the burden of consumer privacy squarely on businesses, and opens the door to fines and lawsuits for non-compliance. 

And, unlike other state laws such as California’s CCPA, the Colorado law doesn’t make any exemptions for small businesses. 

Auto and truck dealers are especially susceptible to cyber attacks and data breaches. Dealers in Colorado should familiarize themselves with the law, ensure they are in compliance, and if not, take steps to update their cybersecurity as quickly as possible.

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Erik Nachbahr’s 4-Point Auto Dealer Security Analysis

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circuit board image

Cybersecurity isn’t something that most dealership owners and managers think about on a daily basis. But when network protection lands on the back burner, sensitive customer data can be put at risk. That can lead to costly incidents for auto and truck dealerships.  A ransomware attack can cost millions and lead to outages that shut … Read more

Erik Nachbahr for Auto Dealer Today: “Your Dealership Belongs in the Cloud”

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Helion’s President & Founder explains why dealerships should leverage the cloud, not fear it Some dealerships are behind the times when it comes to cloud computing and storage.  In an article for Auto Dealer Today, Helion’s Erik Nachbahr cautions that relying on in-house servers is a recipe for data breach. “When you run office and … Read more