For dealerships, adopting modern technology isn’t just an option – it’s a necessity. Today, relying on a traditional phone system is quickly becoming obsolete. It’s time for dealerships to upgrade to a cloud-based phone system and revolutionize the way your dealership communicates. Here’s why: 1. Cost Savings Gone are the days of hefty upfront investments … Read more
Network security continuously evolves. But one thing remains constant – the importance of protecting identities and access. Traditionally, network perimeters served as the frontline defense, but with the rise of cloud computing, remote work, and mobile devices, the focus has shifted towards ID Access Management (IAM). For dealerships leveraging a multitude of applications, ID Access Management presents … 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
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
Today, dealerships rely on their technology environment to sell and service cars and trucks. Dealership technology is mission critical to a dealership’s success. Yet many dealerships are still employing outdated IT strategies that can jeopardize their business as technology quickly advances and cybersecurity threats evolve. An increasingly crucial decision that dealerships must make is whether … 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 Federal Trade Commission’s (FTC) Safeguards Rule and cyber liability insurance requirements are putting immense pressure on auto dealerships to secure their sensitive data. Seeking an easy, inexpensive solution, many have been tempted by the allure of a “magic pill.” But here’s the stark truth: there is no such thing. A prime example of this … 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