Do you know how easily your dealership's sensitive data can be compromised?
Global estimates indicate that 5 percent of all the devices that your business owns will end up lost or stolen. Whether this is through theft or staff negligence, you will lose these devices. And with an average of 5 percent for any business, this is a costly and worrying estimate.
What matters more than the monetary loss is the loss of your dealership's sensitive data on these devices. This can cost you more in the long run compared to the value of the devices themselves. This is because if you lose sensitive data, it may harm your credibility and cost you customers and investors.
When the sensitive data gets into the wrong hands, it can mean potential catastrophe for your bottom line. You will lose the trust of your customers and investors, which can quickly mean the end of your business if you do not recover from the potential losses.
But, you do not need to worry too much because modern tech solutions are here to help you in situations where dealer devices are lost or stolen.
The easiest way to protect yourself, your dealership and its sensitive data from lost or stolen devices is to use encryption on all your devices. Encryption encodes your dealership's sensitive data, which means it limits the access to only those who have the correct 'key' to decode the encryption.
Which means that even if your devices get stolen or lost, only the people with the correct key or password can decode or decrypt the encryption to access and read your sensitive data. This is an excellent way to protect your sensitive data from unauthorized access of any kind.
No matter how tech savvy and accomplished the thief, hacker or cybercriminal is, they cannot decrypt your data without the proper key. Even the most expensive and fastest of processors and super computers need huge amounts of time to hack encryption.
This makes hacking encryptions pointless in almost all situations. The only way to hack encryption is if the data is intercepted before encryption, after decryption or by adding an encryption layer using an attacker's key. All of these require access beforehand, which is highly unlikely.
Using encryption on all the sensitive data of your dealership devices is the best way to protect against data loss from lost or stolen devices. This means every mobile device, laptop or storage device that can potentially leak sensitive data if it gets lost or stolen.
If you want to learn more about encryption, or secure all your dealership's sensitive data on devices with encryption, we highly recommend you get in touch with us today.