EDITOR’S NOTE: The following is an edited excerpt of a report by IDS. Read the full report here.
According to Cybersecurity Ventures, by 2025, cybercrime is expected to cost the world $10.5 trillion. But financial loss is not the only significant damage that cybercrime and cybersecurity risks can cause individuals and organizations.
A cyber-attack on a dealership can have severe consequences, such as disruptions to business operations, data breaches, damage to your dealership’s reputation, regulatory fines or legal penalties, intellectual property theft, and more.
Given these risks, it is crucial for dealerships to have proactive and retroactive cybersecurity measures in place to help mitigate cybersecurity risks. In this blog post, with insights from David Darrell, Director of Cloud Operations at IDS and over 25 years of IT experience, we explore how to identify and minimize cybersecurity risks at your dealership.