Cyber attack on CDK system causes disruptions in US auto industry businesses

From Investing.com: 2024-06-24 09:56:51

More U.S. auto dealers affected by CDK cyber attack-led software outage, impacting over 15,000 retail locations across North America. J.P. Morgan analysts describe the situation as plunging the industry into disarray. AutoNation and Lithia Motors report disruptions, with restoration expected in several days, causing dealers to use manual paperwork for business operations.

CDK works on system restoration post-outage, while AutoNation and Group 1 Automotive resort to alternative processes to continue operations. Hackers demand ransom to end the attack, as analysts warn of potential sales impact on late-June U.S. auto sales. Sonic Automotive also expects a negative impact on its business until full restoration.



Read more at Investing.com: CDK hack ripples through US auto industry as dealers flag hit By Reuters