5. Data Hack Only Beginning, Could Move to OEM & Dealer Customer & Loan Files

Business Week

  • The Tar­get hack was bad; but it’s only the begin­ning
  • States are inves­ti­gat­ing; Con­gress demand­ing & con­sumers fum­ing
  • Need for con­sumer edu­ca­tion & con­ver­sa­tion with retail­ers, Feds & cred­it card com­pa­nies
  • Bet­ter tech­nol­o­gy is one of the key demands or solu­tions
  • Encryp­tion of data viewed a must from cash reg­is­ters to finance insti­tu­tions
  • Cyber­se­cu­ri­ty no longer just for IT — includes deal­ers & OEMs also

Note from the Pub­lish­er of Deal­er Digest Dai­ly: Here is one of six impor­tant and sig­nif­i­cant news devel­op­ments that occurred over this past week and the “slow news day” on Mar­tin Luther King Day. You are encour­aged to check out this “list­ing of Need-to- Knows” every work­day and route to your team.

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