New dealership compliance practices released by Automotive Risk Management Partners to help dealers mitigate dangerous environments.
Lack of employee awareness around the risks of cyber attacks is a “significant danger to your business,” states Automotive Risk Management Partners, an insurance agency in Crystal Lake, Illinois, in its latest report.
Titled “How a Compliance Security Firm Should Protect You,” the company’s cyber and compliance security guidelines aim to help auto dealers secure their frontlines from two things: cyber attacks and physical compliance oversights.
“Lack of employee awareness of these risks is a significant danger to dealerships,” said Founder and CEO Terry Dortch in a statement. “Our 20-plus years of delivering first-class compliance and cyber security training, physical audits, and digital services to dealerships confirm this, and third-party studies agree.”
Dortch is referring to the company’s two decades worth of experience in offering physical and digital auditing, as well as programs for continuous tracking and managing dealership information and data assets. They say the only proper way to ensure full protection against cyber threats and breaches is by having scheduled routine, in-store physical audits of data management practices. This includes sales, F&I, service, and body shop.
They also offer an addition to this suggestion, which is the practice of real-time network and data systems tracking and management. This is meant to help safely ensure robust protection, network isolation and remediation, and to prompt a response to changing system needs from new threats.
The guide also offers best practices for dealers to consider, including on employee training. You can download the cybersecurity guide here.
