AutoPayPlus Expands Its Cybersecurity Protections

Defending the company from cyber threats remains AutoPayPlus' top technology priority

ORLANDO, Fla. (April 26, 2021)Security Magazine has warned financial services organizations to remain vigilant in their cybersecurity efforts throughout 2021. With today’s digital landscape rampant with expanding cyber threats and cybercriminals getting smarter by the day, AutoPayPlus by US Equity Advantage is taking steps to further secure its already robust cybersecurity protections.

 “The security of our customers’ financial data is mission critical for AutoPayPlus,” said Chief Technology Officer Jeff Saylor. “Defending our company from today’s increasingly complex and high-risk cyber threats remains our top technology priority.”

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In recent months, AutoPayPlus has taken the following actions:

  • Deployed a Web Application Firewall (WAF) that enhances the company’s traditional firewall security protection by decrypting HTTPS traffic, inspecting the data content and denying access to web servers when malicious activity is detected.
  • Conducted a third-party security risk assessment to ensure that its robust cybersecurity posture is aligned with relevant security compliance frameworks and cyber security awareness infrastructures in accordance with government and industry standards.
  • Implemented new-school cybersecurity education and awareness training software. Employees can either be the weakest link in a company’s cybersecurity enterprise or its last line of defense. AutoPayPlus’ new training platform makes certain that security is always top of mind, using an approach that combines baseline testing using mock cyber-attacks, interactive web-based training, and continuous assessment through simulated phishing and other social engineering attacks to keep employees alert to emerging threats.

 

Auto dealerships are another attractive target for cybercriminals due to the large quantities of customer data they collect, process and store within their dealership management systems, according to Cybercrime Magazine. “AutoPayPlus is determined to meet its responsibility to both our dealership partners and customers by doing everything possible to defend and protect the company from cybersecurity threats now and in the future,” added CEO Robert M. Steenbergh.

 

About AutoPayPlus by US Equity Advantage

Headquartered in Orlando, Florida, AutoPayPlus is an industry leader in automated biweekly and early loan payoff services for automotive, RV, boat, home and student loans. A seven-time Dealers Choice Diamond Award-winning biweekly loan payment service, AutoPayPlus helps members budget better by matching their loan payments to how they are paid; all while offering them credit protection and avoiding late payment fees. The company also offers dealerships AutoPay+PERKS, an industry-first fintech solution for increasing profits from customer-pay service and boosting customer retention by combining the company’s biweekly loan payment service with the added advantage of a Mastercard debit card at no additional cost to the customer or dealer. For more information, visit www.AutoPayPlus.com.

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