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Recent Cyber-Attacks Highlight The Urgency Of Strong Cybersecurity For All Businesses

by | Aug 27, 2024

Recent Cyber-Attacks Highlight The Urgency Of Strong Cybersecurity For All BusinessesImagine this: the software your business relies on to close deals and pay employees suddenly goes down, and you have no idea when it will be back online. Could you keep your operations running? How much money would you lose each hour it’s down? For over 15,000 car dealerships in the U.S. and Canada, this nightmare became a reality when a cyber-attack targeted CDK Global, a major software provider for the automotive industry, back in June.

Sales, financing, and payroll systems for thousands of dealerships were shut down. Many were forced to halt business operations or scramble to switch to manual methods. This incident is a sobering reminder for business owners everywhere: if your digital systems are compromised, your business can come to a grinding halt. For industries like CPAs, law firms, manufacturing, dental offices, and more—especially those managing sensitive data—robust cybersecurity is not just an option; it’s a necessity.

What Exactly Happened?

The first cyber-attack on CDK Global occurred on the evening of June 18. In response, CDK Global immediately took the system offline to investigate. While the system was restored briefly the next day, a second incident prompted another shutdown. It’s suspected that the system may have been brought back online before all compromised areas were fully secured, leading to the second attack. Experts believe it could be weeks before the system is fully operational again.

This event underscores a crucial reality: in today’s digital-first world, where transactions, payroll, and even client communication depend on software, a system failure can have devastating effects. Whether you’re managing payroll or interacting with financial institutions, delays or shutdowns like this can severely impact your bottom line.

Could Your Business Survive a Cyber Attack?

Here’s the real question: what would happen to your business if the systems you rely on went down due to a cyber-attack? Would you be able to carry on without critical software? Would you have the time or resources to switch to manual processes in the short term, or would your business face delays, lost revenue, and potential damage to your reputation?

The CDK Global attack is a stark reminder that no business is immune. Every business—whether a local government office, a private school, a non-profit, or a small law firm—should be asking the same question: Is my business truly protected against a cyber threat, and if not, what would it take to recover?

Take Action Before It’s Too Late

At this point, CDK Global hasn’t shared specific details about the nature of the attack. It’s not uncommon for companies to struggle to determine the full scope of a breach, especially when multiple points of vulnerability are involved. But one thing is clear: businesses need to take cybersecurity seriously—before it’s too late.

If you don’t already have a robust business continuity plan and tested cybersecurity defenses, now is the time to act. A solid recovery plan can make all the difference when you’re faced with a sudden attack, ensuring that you can continue serving clients, protecting sensitive data, and maintaining operations.

Protect Your Business with a FREE Security Risk Assessment

To help you safeguard your business from cyber threats, we’re offering a FREE Security Risk Assessment. Here’s how it will help:

  1. We’ll analyze your network for vulnerabilities: This will identify where an attack could occur, and we’ll recommend specific solutions to patch weak spots, so you’re not left exposed to cybercriminals.

  2. We’ll help you develop or refine your continuity and recovery plan: Even the most advanced security systems can’t guarantee 100% protection. That’s why a business continuity plan is crucial—ensuring your business can bounce back quickly from an attack, whether it affects your own systems or third-party software you depend on.

Don’t wait for a cyber-attack to test your business’s resilience. Call us at 440-322-4537 or click here to schedule your FREE Security Risk Assessment today. Together, we’ll make sure your business is prepared for whatever comes next.

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