Quantifying the likelihood of a data breach

Across the industry, lenders are becoming dependent on a vast and expanding digital infrastructure. In turn, businesses are increasingly vulnerable to cybercriminals. Should a breach occur, lenders are pressed to quickly diagnose problems and identify solutions to ensure that customers’ personal information is protected. That’s the upshot from the latest webinar hosted by Auto Finance Excellence. Tune […]
  • Nicole Casperson
  • December 3, 2019
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Data breaches: What to do when it happens to you

Friday at 5:15 p.m. your chief information officer calls saying she thinks the company has been hacked. The allegedly hacked customer records have not been posted, yet the tip appears legitimate. The CIO asks: “What do we do?” Scenarios like this are increasingly common, and the reputational, regulatory and operational effects can be devastating. Your […]
  • Chris Couch
  • November 26, 2019
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What Capital One’s data breach means for auto finance

In the wake of Capital One Financial’s data breach, auto lenders should evaluate ways to tighten up cybersecurity and identify points of vulnerability. The breach compromised 140,000 Social Security Numbers, and 80,000 bank account numbers were made available, according to the bank’s response to the breach. However, the impact might be “somewhat contained,” said Brian Landau, senior vice president […]
  • Nicole Casperson
  • July 30, 2019
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