Why Auto Dealerships are prime targets for cyberattacks (15% of all Dealers have been breached):
- Aging technologies and infrastructure that are no longer supported by the manufacturer
- Technology staff that can’t keep pace with staying focused on cybersecurity objectives or skillsets
- Employees who do not maintain awareness of current cyber threats
- 85% of dealership breaches came from email phishing attacks
Similar to other customer-focused businesses, hackers target the Dealership’s personal and financial systems and data, which is often all stored in the same place.
Hacking and cybercrime has become the third largest economy in the world behind the U.S. and China, estimated to total $9.5 trillion in 2024:
- Many hackers are from broken economies (Third world countries)
- Foreign governments have state-backed Cyber-Terrorists
- Multinational organized crime syndicates want a piece of the pie
Damages from a cyber attack extend beyond the Ransom payment or the cost of new equipment and have averaged over $1 million:
- FTC fines (up to $45K per infraction)
- Liability lawsuits against the owner(s) focused on negligence or diligence
- Losing the ability to accept credit cards or complete financing for vehicle sales
- Reputational damage (84% — customers who would not purchase from a Dealership who’s been hacked)
Blackswan Cybersecurity provides a low-cost, one-stop cybersecurity solution:
- FTC Compliance for ~$20 a month per employee
- Your Trusted Advisor – we work as an extension of your team
Let us help enhance your cybersecurity posture, reduce your risk and liability, and comply with FTC and manufacturer requirements.