DEALER RESOURCES
CYBERSECURITY
Is Your Dealership at Risk for a Credit Card and Cybersecurity Breach? DANNY TIMMINS, CISSP
Today’s auto dealerships have raised the bar when it comes to prioritizing customer convenience and elevating the shopping experience. Whether it’s on-site coffee and snack bars, pick-up and drop-off concierge service or extended test drives, dealerships are constantly vying to stand out from each other in the competition for market share.
While convenient, the continuing integration of customer and financial systems also means more third parties are able to interact with both the customer’s personal information and valuable payment card data—and that increases the risk of a data breach.
Know where you’re vulnerable While newer technologies have ways of deflecting cyber fraud and theft, third-party or supply chain attacks are more widespread than ever as cyber criminals acquire more sophisticated tools and techniques to sidestep enterprise security. Dealerships’ IT departments and outsourced IT third parties must be even more vigilant about protecting customers’ personal data.
When it comes to research and shopping for new vehicles, sophisticated websites are also vastly more functional than they were just a few years ago. Dealers can now show new or used car inventory in real time and even allow customers to pre-fill loan applications or place deposits on vehicles before they even set foot in a showroom.
Cheers to the 100th Anniversary of the Vancouver Auto Show. Drinks are on us! MNP is proud to be the Beverage Sponsor of the 2020 Unveiled Autoshow Gala on March 25, 2020. As business advisors to more than 140 auto dealerships in B.C., MNP understands the specific demands and opportunities of the automotive industry. Let us help you to increase your profitability while mitigating your risks in this increasingly challenging market. To learn how we can help you deliver performance - drive results and more success, contact Chris Schaufele today at chris.schaufele@mnp.ca or 604.536.7614
Chris Schaufele, CPA, CA Partner, Automotive & Assurance Services MNP Surrey
Dan Lock, CPA, CA Partner, Automotive & Assurance Services MNP Port Moody
MNP.ca
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Signals Magazine January–March 2020
Ryan Gorder, CPA, CA Partner, Automotive & Assurance Services MNP Port Moody
