Delaware Business Insurance Update from CNC Insurance, " Your Car Just Got Hacked, Now What? " 4-19-16

The FBI recently issued a warning to consumers about the increasing vulnerability of vehicles being hacked by cyber criminals. Modern technologies built into today's vehicles expose car owners to the same cyber risks that your business faces with your computer systems and point of sale credit card scanners. Let's break down just a couple of the risks this  may bring to your business.
Hackers could break into your WiFi connected vehicle and shut it down. What would be the cost to your business if your fleet of delivery vehicles is out of commission because of a cyber attack? Who is going to pay for the repair of the computer module and the re-programming in the trucks, your insurance company? I doubt it. How about if a hacker steals customer data or sensitive business data from a smart phone carried by your driver that has connected to the truck's WiFi? Is your cyber insurance protection going to cover the costs to notify the customers and recapture the lost data? What happens if the business data gets in the hands of a competitor and you lose accounts? How are you going to recover?
If you are saying to yourself this is far fetched , think again. This is happening now!  Recently Chrysler recalled vehicles to install software to block hacks on their modules. Yes , vehicle hacking is here to stay. So talk with a risk professional to implement a plan to avoid the costs of cyber threats on your vehicles. Here is a reminder, when you look to upgrade your computer protections do not forget your vehicles. Until next time be careful out there and know your risks.

G. Kevin Nemith President of CNC Insurance Assoc. Inc. & The Small Business Insurance Center
Serving DE, MD, NJ, VA, & PA
www.cncinsurance.com

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