The point at which the cybercriminal emerges and demands ransom is the endgame of a cyber-attack – not the beginning. The key to minimizing – or even eliminating – the impact that a cyber-attack can have on your dealership is to detect the attack early in its lifecycle. To do this you need the right … Read more
When it comes to cybercrime, it’s important to realize that this threat has the potential to not only damage your ability to generate revenue but also to punch a gaping hole in your dealership’s reputation. Remember, when it comes to buying cars, 84% of those surveyed said that they would NOT buy from a dealership … Read more
Unfortunately, many businesses have not properly invested in the cybersecurity best practices that are required to effectively defend against a cyberattack. For many businesses, their defense of choice has been either to: Bury their heads in the sand and hope the cybercriminal stays away. Get cyber insurance and just pass the risk onto the insurer. … Read more
According to the Harvard Business Review, in 2020 ransomware attacks grew 150% from 2019 and the amount that victims paid increased by more than 300%! As a result of the ransomware onslaught, we are all exposed to what feels like a constant stream of ransomware related horror stories. And, unfortunately, the reality is that for … Read more
Attacks are becoming more sophisticated, and many dealerships are vulnerable. Arrigo Automotive Group is one of many auto dealerships that have been targeted by ransomware in recent months, Lindsay VanHulle reports in Automotive News. In early December 2019, an unsuspecting employee opened a phishing email, launching a successful ransomware attack that halted business for several … Read more