Security News > 2022 > December > Ensuring trust for high-value digital transactions

Auto dealers have long resisted the shift to digital purchasing, favoring in-person transactions as much as possible, but COVID-19 forced a change in consumer behavior and normalized online car shopping and digitally transforming the auto industry.

Digital agreements and transactions may be used but securing these transactions will continue to be another issue entirely.

Auto retailers can begin by paying close attention to the authentication needed with all digital transactions.

While many of the auto finance lending platforms that are used today by dealerships have the capabilities to provide the additional levels of security to digital transactions needed to ensure consumers that are online car shopping are protected, many dealerships aren't leveraging them.

As auto lenders continue to navigate this ever-changing cyber landscape, revamping their security infrastructure and establishing digital trust will prove successful.

Digital agreements and transactions may take place, but integrating digital trust and integrity into every transaction is imperative, especially for high-value transactions like car buying.

News URL

https://www.helpnetsecurity.com/2022/12/16/trust-digital-transactions/