Panelists stress importance of cybersecurity best practices in digital age

TLDR:

Key Points:

• Cybersecurity best practices are now a necessity for auto dealerships.
• CDK cyberattack serves as a wake-up call for robust cybersecurity measures.

Experts suggest that the recent CDK cyberattack should act as a wake-up call for auto dealerships to prioritize cybersecurity. The attack resulted in significant losses for dealerships and highlighted the importance of having robust cybersecurity measures in place.

The webinar hosted by Rosenfield & Co. offered tips for dealerships to avoid and cope with cyberattacks. Panelists emphasized the need for compliance with state laws regarding data breaches and the importance of having a Written Internet Security Plan (WISP) in place. They also recommended implementing nine key cybersecurity elements, such as running risk assessments, applying access controls, and conducting regular incident response documentation.

Dealerships can also take immediate steps to de-risk their business, such as removing personally identifiable information from employee devices, implementing daily system backups, and ensuring staff are trained in data protection. The webinar highlighted the need for cybersecurity to be a top priority and not an afterthought in today’s digital age.