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Summary
The Canadian Centre for Cyber Security warns that artificial intelligence can help criminals find software flaws, create convincing scams and carry out attacks faster, potentially leaving businesses only hours to respond. For dealerships that rely on connected systems and outside technology providers, the agency recommends installing security updates promptly, using multi-factor authentication, replacing unsupported systems and testing response plans. Statistics Canada data cited in the agency’s outlook found that 13 per cent of businesses reporting cyber incidents identified ransomware as the attack method; recovery costs doubled to $1.2 billion in 2023.