CDK Global Auto Dealer Software Hit by Cyberattacks, Restoration Efforts Ongoing

CDK Global, a provider of integrated information technology and digital marketing solutions to the automotive retail industry, has been hit by two cyberattacks on Wednesday, forcing the company to shut down its systems. Restoration efforts are underway, but some auto dealers have reported impacts on their business.

CDK Global, a leading provider of integrated information technology and digital marketing solutions to the automotive retail industry, has been hit by two cyberattacks on Wednesday, forcing the company to shut down its systems. The attacks have disrupted operations for auto dealers across the United States and Canada, causing delays in sales, service, and other business processes.

The first attack occurred at approximately 10:30 AM EST on Wednesday, and the second attack occurred several hours later. CDK Global immediately shut down its systems to contain the attacks and prevent further damage. The company has not yet disclosed the nature of the attacks or the extent of the damage caused.

CDK Global Auto Dealer Software Hit by Cyberattacks, Restoration Efforts Ongoing

CDK Global has begun restoration efforts and is working to bring its systems back online as quickly as possible. The company has assembled a team of experts to investigate the attacks and implement measures to prevent future incidents.

In a statement released on Wednesday, CDK Global said that it is "deeply sorry for the disruption that this incident has caused to our customers and their businesses." The company said that it is "committed to restoring our systems as quickly as possible and to providing our customers with the support they need during this challenging time."

Some auto dealers have reported significant impacts on their business as a result of the attacks. Many dealers have been unable to process sales or service appointments, and some have even had to close their showrooms temporarily.

"This has been a major disruption for us," said one auto dealer who spoke on condition of anonymity. "We've had to cancel appointments, reschedule deliveries, and even close our showroom for a day. It's been a nightmare."

CDK Global has advised its customers to take steps to protect their own systems from cyberattacks, including updating software, using strong passwords, and being cautious about clicking on links in emails or text messages.

The cyberattacks on CDK Global are a reminder of the growing threat that businesses face from cybercriminals. Businesses of all sizes need to take steps to protect their systems from attack and to have a plan in place for responding to incidents.

CDK Global is a publicly traded company with a market capitalization of approximately $10 billion. The company has over 15,000 customers in the automotive retail industry.

The cyberattacks on CDK Global are likely to have a significant impact on the company's financial performance. The company has not yet disclosed the financial impact of the attacks, but analysts expect that the company will report a loss for the quarter.