TheCDK Global cyberattackis expected to cut auto dealerships' vehicle sales in June down by about 100,000, or more than 7%, compared with the same period in 2023. The projected decrease is not reflective of weak demand, but rather the anticipated consequence of some dealerships' reliance on...
TheCDK Global cyberattackis expected to cut auto dealerships' vehicle sales in June down by about 100,000, or more than 7%, compared with the same period in 2023. The projected decrease is not reflective of weak demand, but rather the anticipated consequence of some dealerships' reliance on...
CDK Global is now calling the cyberattack that took down its software platform for its auto dealership clients "a ransom event." In a note to clients Saturday, CDK for the first time acknowledged that the hackers that made its dealer management system, or DMS, unavailable to clients for ...
What to know about the CDK Global cyberattack disrupting car dealersTheCDK Global cyberattackis expected to cut auto dealerships' vehicle sales in June down by about 100,000, or more than 7%, compared with the same period in 2023.The projected decrease is not reflective of weak demand, but...
CDK Global, a crucial provider of SaaS platforms for dealerships, was forced last week to shut down its systems in response to the cyberattack. With the work done so far, our core DMS and Digital Retailing solutions have been restored,” a spokesperson for CDK Global told The Cyber Express...
On Wednesday, CDK Global took down its services as a precaution, effectively bringing sales to a halt for its customers. A second cyberattack this week has compounded the problem. CDK has indicated that the outage could last several days and has not publicly announced when it expects its servi...
Car dealerships use CDK's software to track what vehicles are on their lots, conduct credit checks, generate interest rates for auto loans and complete sales contracts, among other functions. But the attack on the platform has forced dealership staff to perform those tasks by hand, greatly slow...
continuing to evolve in an effort to “steal” clients’ data, sometimes through elaborate phishing schemes. In fact, the company found that more dealerships experienced cyberattacks in 2023, writing that more than one in six car dealers had undergone a cyberattack or “incident” within the...
CDK, which said it had restored some services on Wednesday, told CBS MoneyWatch on Thursday afternoon that its systems were again offline after it suffered another cyberattack. "Late in the evening of June 19, we experienced an additional cyber incident and proactively shut down most of our sy...
What to know about the CDK Global cyberattack disrupting car dealersTheCDK Global cyberattackis expected to cut auto dealerships' vehicle sales in June down by about 100,000, or more than 7%, compared with the same period in 2023.The projected decrease is not reflective of weak demand, but...