LADA 2024 Charity Golf Tournament
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OFFICIAL PUBLICATION OF THE LOUISIANA AUTOMOBILE DEALERS ASSOCIATION
Pub. 1 2024 Issue 3
Welcome New Associate Members!
Ascension Tag Title & Legal Service LLCwww.ascensiontagtitlelegal.com/services CHAMP Titles Inc.www.champtitles.com CP Handheld Technologiescphandheld.com Cross-Sellwww.cross-sell.com Dealer Alchemistdealeralchemist.com IDS Distributingidsdistributing.com Merchant Advocatemerchantadvocate.com Merchant Consulting Corporation MetroTech Automotivewww.metrotechauto.com OCD Tech LLCocd-tech.com Priority Payments Localpplocal.com WarrCloudwarrcloud.com
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Cost, Loss and the Way Forward
In today’s interconnected digital world, with our ever-growing reliance on the software and technology that drive our everyday tasks, the specter of cyber threats looms larger than ever before. From stealthy, sophisticated and sometimes state-sponsored hackers seeking to exploit vulnerabilities in our systems to the average untrained employee clicking a link, the landscape of cybersecurity is fraught with complexity and constant evolution. As businesses and governments alike navigate this treacherous terrain, the need for vigilance, preparedness, innovation and a willingness to learn continues to be urgent. Without them, the consequences can often be unfortunately costly.
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The CDK Breach Lessons Learned from an Attack on the Auto Industry
In October of 2023, I presented to the Massachusetts State Auto Dealers Association on the state of cybersecurity in the industry, warning that the industry was under attack. On the dark corners of the internet, attackers were sharing information that auto dealers were prime targets for a ransomware payday. They point to a workforce lacking cybersecurity awareness combined with outdated and unpatched technology as the reason. Since then, we saw a major breach at Toyota, a ransomware attack on a Midwest auto dealer, Jeff Wyler Automotive Family, and another on Findlay Automotive, a Nevada-based group whose operations and ability to sell vehicles were still reportedly impacted a month later.
The CDK Breach Lessons Learned from an Attack on the Auto Industry
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Navigating the CDK Cyber Incident Immediate Actions and Long-Term Security Strategies
In the wake of the CDK Global cyber breach, the automotive industry is facing significant challenges and uncertainties. On June 19, CDK confirmed a “cyber incident” that led to a series of rapid and consequential actions, including shutting down various systems that are critical to dealership operations. This incident has escalated over weeks, revealing that Eastern European hackers allegedly demanded a multimillion-dollar ransom and culminating in reports that CDK may have paid approximately $25 million to end the outage.
Navigating the CDK Cyber Incident Immediate Actions and Long-Term Security Strategies
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Louisiana House Bills 430 and 683 Impact on the Automotive Market
In recent legislative sessions, Louisiana passed two significant bills — House Bill 430 and House Bill 683 — that promise to reshape the automotive landscape for car dealerships and their customers. These forward-thinking bills aim to streamline processes, boost sales and ultimately enhance overall satisfaction. Here’s a closer look at the benefits these bills bring, paving the way for a more supportive and efficient automotive market in Louisiana.
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A Message From the President: Fighting for the Future of Our Industry
In today’s rapidly evolving automotive industry, where regulatory shifts and policy changes can swiftly reshape the business landscape, standing still is simply not an option. Every day, LADA fights for the future of our industry, and this year, we took decisive steps to ensure that Louisiana dealers’ concerns were not just heard, but made a priority on the national stage. Nowhere was this more evident than at the NADA Legislative Fly-In in Washington, D.C., where LADA’s influence made a significant impact.
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