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
Dealerships are facing an increasing number of cyberattacks, with devastating incidents targeting companies like Findlay Automotive Group and CDK Global. The rise of these attacks serves as a stark warning to dealers: the threat is real, growing, and must be addressed urgently. The Growing Dominance of Cybercriminals Cybercrime has evolved into a $9.5 trillion industry, … Read more
Modern car dealerships are continually seeking innovative ways to enhance customer experience, streamline operations, and stay ahead of the competition. Enter artificial intelligence (AI) – a game-changer that offers unparalleled opportunities for dealerships to thrive in an increasingly digital auto retailing landscape. However, there is a problem – among the promises of AI lie lurking … 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
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
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