Bitcoin And Cryptocurrencies Pose New Risks For Cars Dealers

The threats presented by bitcoin and other cryptocurrency have been with us for some time now. But it's only lately that they've become a serious danger to the car industry, along with to other businesses.

The automotive business is the most apparent target for these cyber thieves, but there are numerous other industries that may be impacted as well.

Let's examine the fate of EBAY (NASDAQ:EBAY) as an example. In January of 2018, it was revealed that the online business had been hacked. It was subsequently found that over 250 million client data had been taken by hackers who acquired passwords and payment data from users of the organisation.

This was not a tiny event; it affected more than 60 million consumers globally and cost EBAY $50 million to fix. The corporation also lost almost $2 billion in price upon news of this attack.