Cyberattacks on auto dealerships have been on the rise in recent years. Auto dealerships are becoming increasingly digitized, and as a result, they are becoming more vulnerable to cyberattacks. Here are some statistics that demonstrate the rise in cyberattacks on auto dealerships:
The average cost of a data breach for an automotive dealership can vary depending on several factors, such as the type and scope of the breach, the size and location of the dealership, and the amount and type of data compromised. However, according to a 2020 report by IBM and the Ponemon Institute, the average cost of a data breach for the automotive industry was $4.5 million, which includes direct and indirect costs such as investigation, legal fees, lost business, and reputational damage. It's important to note that the cost of a data breach can be even higher for smaller businesses, such as individual dealerships, as they may not have the same resources or security measures in place as larger organizations.
According to a report by KPMG, auto dealerships are now one of the top targets for cybercriminals. In 2020, the auto retail industry was ranked as the third-highest industry in terms of the number of reported cyberattacks.
A report by Bitdefender found that automotive organizations were targeted in over 20% of all cyberattacks in 2020. This is a significant increase from the previous year, where automotive organizations were targeted in only 8% of all cyberattacks.
The National Automobile Dealers Association (NADA) has reported that over 80% of auto dealerships have experienced some form of cyberattack, with the most common being ransomware attacks.
A study by Juniper Research found that the total cost of cybercrime to the global automotive industry is expected to reach $11 billion by 2023.
These statistics demonstrate that cyberattacks on auto dealerships are a growing concern and that it is becoming increasingly important for auto dealerships to implement robust cybersecurity measures to protect themselves from these attacks.