Auto Lenders chooses CYRISMA for its holistic capabilities, affordability and support quality
Originally founded in 1990, Auto Lenders has been New Jersey’s #1 pre-owned car dealership for over a decade. It is a high-volume, pre-owned dealership offering high-quality, one-owner, off-lease vehicles on the market and an efficient, friendly retail experience. Auto Lenders controls inventory sourcing in-house to ensure the quality and volume, with 6 show rooms in New Jersey and 3 in Pennsylvania. With a new location in Florida.
Auto Lenders started using CYRISMA on the recommendation of Charles Mendoza, the new CISO, who’d used the platform in his previous role and loved it.
The Problem
One of the goals for Auto Lenders when Mendoza joined as CISO was ensuring good cyber insurance coverage. They wanted to make sure that the cybersecurity insurance premium they were paying did not increase. With Mendoza’s guidance, they were able to increase insurance coverage while actually reducing the premium.
Auto Lenders adopted the CYRISMA platform because the cybersecurity solutions they had been using earlier were not providing return on investment. CYRISMA was affordable and effective, and started showing results almost immediately.
The Solution
At his earlier organization, Mendoza had had a very good experience managing cyber risk with CYRISMA, and chose to use the platform at Auto Lenders too. Mendoza had carefully vetted CYRISMA at his previous company and it easily outperformed competitors at the time.
Multiple Capabilities in One Platform – Low Cost, High Value
To Mendoza, using CYRISMA is a no brainer – It’s a single, integrated platform that takes care of functions ranging from GRC to vulnerability management to overall risk management, all at a fraction of the price charged by other vendors. The platform is so well-rounded in how it enables overall risk reduction, it pays for itself almost immediately.
The senior management team at Auto Lenders had some hesitation prior to adopting CYRISMA because of how inexpensive it was. It seemed too good to be true and, going by the cost, the team was worried the platform would underperform. However, a proof-of-value laid their doubts to rest.
Proof of Value – Quick Results, Excellent Support
When they trialled CYRISMA, the Auto Lenders team could see scan results and assessment reports first-hand and evaluate for themselves how effective and useful the platform was. In addition to the platform’s impressive performance, they also loved how approachable and responsive the CYRISMA support team was.
Sensitive Data Discovery and Data Protection
At the time of writing this case study, the IT team at Auto Lenders is in the middle of auditing sensitive data in their environment using CYRISMA’s Data Scan capability. Team members found to be in violation of data protection and privacy requirements will be notified soon, with instructions for securing any exposed data.
Mendoza has found CYRISMA’s data metrics to be extremely valuable. The dark web monitoring and risk quantification results have provided much-needed perspective and visibility into the company’s sensitive data and its monetary value.
Advice to other organizations that are considering CYRISMA
Auto Lenders CISO Charles Medoza recommends CYRISMA highly because of its strong and holistic capabilities, affordability, ease of deployment, and support quality. “You’re going to save a lot of money consolidating all your tools with CYRISMA,” he says.
“You can create a really strong cybersecurity program with a partner like CYRISMA. They give you much greater visibility into your program, and even if you’re using alternative or competing products in your organization, with CYRISMA you can gauge if they’re functioning correctly.
If CYRISMA is providing the same analytics as the other tools at a fraction of the cost, why would you want to stay with those other tools?”
– Charles Mendoza, CISO at Auto Lenders