Retailers prime targets for data theft
Arent Fox’s Automotive Group Chair, Aaron Jacoby, was quoted in an Automotive News article.
A cyber thief snatched $253,000 by intercepting a wire transfer between an exotic-car retailer and another dealership. In another case, a cyber criminal gained access to a dealership finance and insurance employee’s computer and downloaded 200 customer credit reports from a credit bureau.
Both of those cybercrimes occurred this year, said Erik Nachbahr, president of Helion Technologies, a Maryland company that manages information technology operations for 750 automotive and truck dealerships. Nachbahr, dealership lawyers and compliance and other experts said there have been a spike in such thefts targeting auto retailers.
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