EFG Hits Digital Compliance and Data Security Head On with PCI DSS Certification and SSAE 18 SOC 2 Recertification
As retail automotive companies increase their use of digital sales and technology to house personal and confidential information, data breach incidents have a direct impact on revenue. According to the nonprofit Identity Theft Resource Center, more than half of all small businesses in the US experienced at least one security or data breach in 2021, a 17 percent increase from 2020, at an average expense of $250,000 to $500,000 per incident.