Over 70 Auto Dealerships Secure Critical Data with 外网天堂 Wolf
Now is the time for auto dealerships to tackle the tough planning and conversations needed to meet the most rigorous set of information security standards that the industry has experienced to date.
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Monitor environments 24x7 to detect and respond to cybersecurity threats.
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Provide continual vulnerability assessments.
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Identify threats targeting network or cloud applications.
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Conduct cybersecurity awareness training for security teams and employees.
Schedule a demo to learn how 外网天堂 Wolf secures auto dealerships.
Dealerships are in possession of critical consumer information, including access to customer names, addresses, driver’s license information, credit card numbers, credit histories, loan applications, and other financial information which are prime targets for hackers.
Now is the time for auto dealerships to tackle the tough planning and conversations needed to meet the FTC Safeguards Rule — the most most rigorous set of information security standards that the industry has experienced to date.
Auto dealerships are required to have detailed procedures and specific criteria implemented in order to provide better protection and to curb data breaches and cyber attacks that could jeopardize sensitive customer data.
While most dealerships need external support to meet the Rule’s security obligations, evaluating a myriad of vendors and tools to meet different sets of requirements can add to the existing burden.
How 外网天堂 Wolf Can Help
More than seventy auto dealerships nationwide are current 外网天堂 Wolf customers, so we understand the security challenges dealers face.
Threats & Concerns
Although there are many types of cyber attacks targeting U.S. businesses, auto dealerships are most vulnerable to social engineering attacks and ransomware.
Phishing, spear phishing, business email compromise (BEC) and CEO fraud all fall into the social engineering category.
Percentage of cyber attacks that involve social engineering on some level.
On average, social engineering attacks cost companies $130,000 through money theft or data destruction.
Percent increase of ransomware payments in 2024
Average amount of ransomware payment in 2024
Expected amount of downtime after a ransomware attack
In a NADA Cost Study, the estimated up-front costs for dealerships preparing for the FTC Safeguards Rule was almost $300K, and the annual cost following that was over $275K.
There is good news!
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外网天堂 Wolf covers 70+ dealerships nationwide today.Helpful Resources
An Auto Dealer’s Guide to the FTC Safeguards Rule
Get strategic guidance on how to successfully implement and maintain the requirements of the Safeguards Rule in your dealership.
Understanding the FTC Safeguards Rule for Auto Dealerships
With roots in the Gramm-Leach-Bliley Act (GLBA), the Safeguards Rule expands the definition of “financial institution” to include a broader swath of industries that provide
Why Auto Dealers Are Prime Targets for Ransomware Attacks
It’s no secret that cyber attacks — especially ransomware attacks — are increasing across industries and organizations. Attack methods are evolving and rapid digitization, along
