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The Long Haul: How Cyber Attacks Inflict Lasting Damage on Companies
Manage episode 433141274 series 2911349
المحتوى المقدم من David Pelligrinelli. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة David Pelligrinelli أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.
Description:
- Overview of the CDK Cyber Attack: The recent CDK Cyber attack has left a troubling outlook for car dealerships, as reported by stock market research analysts.
- Industry Impact: Analysts indicate a bleak future for the car dealership sector, aligning with previous reports that 60% of small businesses fold within six months after a cyber attack (Inc. Magazine).
- Impact on Car Dealerships:
- Not Likely to Close: While dealerships may not necessarily go out of business, the negative outlook from high-level analysts is concerning.
- Service and Parts Impact: The hardest hit areas will be service and parts departments rather than showroom and sales floors.
- Transaction Frequency: Service and parts transactions are far more frequent (e.g., 40-50 tickets per day) and must now be handled manually due to the cyber attack, potentially causing significant efficiency losses.
- Long-Term Effects: Service delays and parts sourcing issues could result in customers seeking alternatives, leading to potential long-term impacts.
- Broader Implications for Other Industries:
- Software Vendor Risks: Even if your business isn’t directly affected, remember that the CDK attack targeted a software vendor, not dealerships directly.
- Potential Vulnerabilities: Businesses relying on software vendors for platforms, apps, or data collection might be at risk for similar attacks.
- Affected Areas: Consider potential impacts on less obvious areas like payroll, accounts receivable, and inventory management, which could affect long-term profitability and market share.
- Call to Action: If you found this episode informative, explore more videos on our channel for additional insights on related topics and expert advice.
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