Small Data Breaches Can Cost Big Dollars
A small data breach could cost a dealership over $250,000 for failing to comply with reporting requirements. A company in Vermont recently failed to report to consumers whose data was potentially breached, and the state fined them $264,000 for just 660 consumers' names and Social Security Numbers. The cause of the potential data breach was a misconfigured setting which allowed a spreadsheet of consumer names to be accessed without authorization.
Most of you are thinking, well that couldn't happen to us. But you're wrong. The NSA very carefully checks the people who work for them and yet, an employee inadvertently exposed their secrets by putting them on a non-secured system at his home. A well-intentioned employee, only wanting to do a little more work from home, could very easily be the reason your information is hacked.
There are steps you can take to protect your dealership. Training for both security awareness and compliance are two of the big steps. You can limit user access to only those people who need to have access to it. You can even limit the access by IP address to prevent users from getting on your system from home. The worst thing you can do is to blindly assume these things can't happen to you.
If you want to know more about how to keep your clients safe and protect your dealership, call your Dealer Support Specialist at 844-322-9034.