The unfolding 700Credit story offers lessons in how to select vendors and properly respond to a data breach. Attorney and Mosaic CEO Jim Ganther offers a dealer playbook.
700Credit executives say an October cyberattack exposed the personal data of dealership customers and they have been working with NADA to craft a dealer action plan. +
DataBreach.io reports records stolen from 700Credit in an October cyberattack are being offered for sale on the dark web with an asking price of $8.4 million. +
The latest Presidio Group/NCM Associates report finds the average U.S. franchised dealer enjoyed a 27.1% year-over-year increase in net pretax profit in the second quarter. +
A lawsuit that may qualify as a class action has been leveled by one customer of Branhaven CJDR of Branford, Conn., who claims security failures led to the theft of his personal data. +
“The Dealership AI Security Guidebook” offers dealers a 15-point checklist for reducing the risk of an AI-powered cyberattack or data breach, starting with vendor and service provider assessment. +
