Welcome,

MSADA Members!

As your trusted Massachusetts State Automobile Dealers Association technology resource, we’re thrilled to offer you educational opportunities so you can increase your IT knowledge and understanding.

Register Below for our MSADA Exclusive Webinar Series, Coffee With Coopsys!

*Registering allows you access to each webinar; no need to register for each event. 

2024 Schedule of Events:

May 14th: 7 Reasons Hackers Target Auto Dealerships (& How to Stay Safe)
June 11th: Beyond FTC Safeguards: Navigating Cybersecurity Challenges That Threaten Automotive Dealers
July: No webinar
August: No webinar
September 10th: Data Lockdown: Controlling Access to Your Data & how it’s transmitted
October 8th: Driving Integrity: Implementing Vendor Due Diligence in the Automotive Industry
November 12th: AI in Auto: Navigating the Road Ahead with Innovation and Caution
December 10th: What is a CISO and Why Does My Dealership Need One?

 

Upon registration, you will receive an email link to the webinar series. . If you have any questions, please email [email protected].

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Looking to get breaking automotive news?

Check out these resources below:

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    National Automobile Dealers Association (NADA)

  • CoopsysArtboard 10_icons

    NADA Blog

  • CoopsysArtboard 10_icons

    ATD Insider

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Cooperative Systems delivers cutting-edge technology solutions to help dealerships transform their business, ensuring compliance and robust data security.

Looking for previous webinars?

Click on any of these options:

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May 2024: 7 Reasons Hackers Target Auto Dealerships (& How to Stay Safe)

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December 2022: What The Looming FTC Compliance Regulations Means For Your Dealership

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November 2022: Compliance: What your dealership needs to know!

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October 2022: Why Cybersecurity Does Not Have to Be Spooky

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September 2022: The Danger of My Dealership NOT being Compliant with the new FTC

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June 2022: Guaranteed protection against ransomware attack

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May 2022: Are you sure your cybersecurity insurance policy covers you?

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April 2022: We Love to Hate Downtime When Your Technology Fails to Work Properly

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March 2022: Your Passwords are Compromised! (And You Probably Don't Know It!)

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February 2022: The Seven Things Your IT Partner Does Not Want You To Know

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January 2022: Bad IT Behaviors & Policies: 5 Bad Tech Behaviors That Cost You MONEY

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December 2021: Microsoft Licensing Compliance & Office365 Subscription Plans

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How to Manage a Proper PCI Compliance Program Within Your Dealership

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IT Policies and Procedures Your Dealership Should Have in Place

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Top 5 Ways You Can Protect Your Dealership from a Ransomware Attack

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What is Cryptocurrency & How To Be Prepared To Accept It

Need auto retail specific managed IT Services?

Have a question?

Browse our FAQs for answers:

A: PCI is a set of security standards put in place 2006 to protect consumers’ credit card information. It mandates that all companies that accept, process, store or transmit credit card, debit card, and pre-paid cards information must maintain a secure environment to protect this data.

The PCI standards are managed by the Payment Card Industry Security Standard Council (PCI SSC), enforced by large payment card brands (American Express, Discover, JCB, MasterCard, and Visa International), and audited by qualified PCI auditors.

In addition, The Federal Trade Commission (FTC) is responsible for regulating consumer privacy and security. This means they could play an additional role in enforcing PCI violation penalties. Learn more here.

In general, PCI compliance is required by credit card companies to ensure that online transactions are secure and protected against identity theft. The current standards can be found here.

A: Every merchant that accepts client credit card payment and processes, stores, and transmits this data must be compliant. Even if you take credit card information over the phone, do not store the data, or work with third-party processors, you must still comply with PCI.

A: Compliance failure increases your risk of a security breach, which can lead to hefty penalties, fines, and loss of your merchant account. If you lose your merchant account, you will no longer be able to process credit card transactions and impact your profitability.

A: There are many costs, on top of PCI penalties, when your company experiences a data breach. According to SecurityMETRICS, these costs include:

  • Merchant processor compromise fines: $5,000 – $50,000
  • Forensic investigation: $12,000 – $100,000+
  • Onsite QSA assessments following the breach: $20,000 – $100,000
  • Free credit monitoring for affected individuals: $10-$30/card
  • Card re-issuance penalties: $3 – $10 per card
  • Breach notification costs: $2,000 – $5,000+
  • Technology repairs: $2,000 - $10,000+
  • Increased in monthly card processing fees
  • Legal fees
  • Civil judgments