3 Ways Upgrading to Microsoft 365FO Mitigates Cybersecurity Risk in the Automotive and Transportation Industry
Posted on: November 30, 2020 | By: Andrew Hall | Microsoft Dynamics AX/365
The Automotive and Transportation Industry rely on many internal microchips and external sensors, potentially jeopardizing the security of data communicating across networked transportation systems and monitoring networks. The inability for isolation creates 3 cybersecurity risks that can be mitigated through upgrading to Microsoft 365FO.
1. The primary risk is the power of cyber-attacks to take control of modes of transportation. This is a risk because of the threat to customer safety it presents. An example of which can be seen through the hacking of a vehicle in 2015, when two security researchers hijacked a vehicle over the internet. According to Andy Greenberg, the driver of the car, the hackers were able to access the car’s dashboard functions, steering, brakes, and transmission, posing a serious threat to the automobile industry. A critical strategy for cyber-attack prevention is threat detection. Logan Consulting can help upgrade your systems from Microsoft AX to Microsoft 365FO, which provides credential monitoring and counterattacks on active threats 24/7.
2. The second risk is the power of cyber-attacks to create privacy-related data breaches. This is a risk because of the reputational damage and loss of customer confidence it would inflict upon a company. According to the International Society of Automation (ISA), privacy-related incidents account for 22.9% of cyber incidents with average losses of $1.52 million for unauthorized disclosure and $1.61 million for unauthorized data collection, causing a large monetary risk as well. To attain full customer confidence, private data needs to be secure. A necessary step in this process is upgrading to cloud-based software. The cloud’s multiple layers of security help to keep customer data safe from involuntary access. Logan Consulting can help upgrade your systems to Microsoft 365FO to guarantee this security.
3. The final risk is the power of cyber-attacks to induce an unintentional disclosure of data. This is mostly a financial risk to a company. According to the ISA, the unintentional disclosure of data is most destructive, costing victim companies on average $3.17 million per occurrence. Not only is the payout crippling, but this event often also allows competitors to steal data and target business operations aggressively from every angle, destroying a company. In order to secure data, upgrading systems to cloud-based software is necessary. The cloud enables building security above the standard offerings. A virtual private network (VPN) allows the creation of a secure network above the cloud provider’s physical network. Logan Consulting can help upgrade your systems from Microsoft AX to Microsoft 365FO to take advantage of these features.
If you are interested in learning more about upgrading to Microsoft 365FO, contact us here to find out how we can help grow your business. You can also email us at info@loganconsulting.com or call (312) 345-8817.