Case Study: Depreciation Protection strengthens cybersecurity and trust with Trava

How the total loss protection company fills the gap in its cybersecurity

Depreciation Protection, a provider of vehicle equity protection products primarily for credit unions, faced the challenge of modernizing its cybersecurity approach. Their COO recognized the need to move from a reactive posture to a proactive program but found other vendors dismissive of their size. They partnered with cybersecurity vendor Trava for guidance on building a program, ongoing training, and cyber insurance.

Trava implemented a comprehensive solution including risk assessment, frequent phishing simulations, and compliance monitoring. Trava also guided Depreciation Protection through the cyber insurance renewal process, securing appropriate coverage. As a result, the company now operates proactively, has increased sales velocity due to a clear security package, and satisfies client security requirements, strengthening trust with their credit union partners.

Depreciation Protection

Faith Jackson

Chief Operating Officer