AUT21ES1. What's New In The Battle Against Cybercrime? - Sponsored by Helion Technologies

Covid-19 isn’t the only thing that has caused great change over the last year. So to has the explosion in cybercrime. Today, there is a new ransomware victim every 10 seconds! According to the Harvard Business Review, the frequency of ransomware attacks have increased 150% and the cost of falling victim to a ransomware attack has increased 300%. There is no question that the frequency and severity of cybercrime are both increasing at a very alarming rate.

In this presentation, Erik Nachbahr will discuss how cybercrime is forcing a change in the cyber defenses and related technologies that dealerships need to employ to keep their data, finances and reputation safe. Additionally, Erik will discuss how the evolving cybersecurity threat is impacting the cyber insurance market and leading to some new cyber-related legislation that dealers need to know about.

Learning Objectives:

• Attendees will understand the newest and most prevalent tactics used by today's cybercriminal.
• Attendees will understand the proper cyber-defenses dealers need to implement to combat today's cybercriminal.
• Attendees will understand why cyber insurance rates are skyrocketing and how to cost effectively mitigate the cyber risks dealers face. Attendees will understand how pending legislation will impact the cyber defenses strategies available to dealers.