FOCUS Cyber security in automotive retail
– John Kirwan
As vehicle technology continues to increase and evolve, so must our focus on cyber security.
This year has seen some of the most influential vehicle manufacturers and dealerships slammed with preventable cyberattacks that have compromised customer information and caused long-term damage to brand reputations.
October 2023 is the year to focus on cyber security in the automotive industry and ensure that processes are in place that protect the safety of customer data and the reputations of the automotive businesses we work with.
To start, businesses should be aware of the current regulations and best practices put in place to protect against data breaches and other cyber threats.
This includes following guidelines related to each state’s privacy law, the Federal Trade Commission’s data security requirements, and other industry-specific standards such as those provided by the National Automotive Dealership Association or the Automotive Industry Action Group.
Additionally, businesses should consider investing in the latest technologies such as encryption and two-factor authentication to secure their networks and databases.
In addition to these standard cyber security measures, October 2023 will be the month to introduce strategies that go beyond the recommended basics.
For instance, automotive businesses should consider introducing a number of security protocols such as security impact assessments, security training programs, and identity access management systems.
This will help to better protect against and identify potential issues such as malicious software and phishing scams.
Finally, businesses should consider instituting protocols for securely storing, using, and disposing of customer data to protect their customers’ privacy.
Making cyber security a priority can not only protect customer data and the reputations of businesses but also provide a competitive advantage in the market.
October 2023 is the month to focus on strengthening and modernizing your cyber security protocols, and with the right investments, your business will be fully equipped to protect its customers and its brand.
Link: https://www.motortrader.com/motor-trader-news/automotive-news/focus-cyber-security-16-10-2023