Our increasingly connected world may open up a lot of possibilities for companies to expand their resources and reach, but unfortunately, it also presents an increasing number of vulnerabilities for cybercriminals to exploit. Recent reports show that the cost of cybercrime reached $8 trillion in 2023, and that is projected to increase to $10.5 trillion by 2025.

One of the latest major cyberattacks happened last month, when major car dealership software company CDK Global was hit by a cyberattack that impacted the more than 15,000 auto dealerships in North America that utilize their services.

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Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].