Cdk Cyber Attack Update

CDK Global Hit by Cyberattack, Car Dealerships Face Disruption

Massive Hardware Failure Disables Software

CDK Global, a software provider for automotive dealerships, has been grappling with a system failure following a cyberattack. The company's software has been offline for several days, leaving dealerships nationwide facing major disruptions.

Computer Systems Shutdown at Auto Dealerships

The cyberattack, reportedly a ransomware attack, began on June 19 and caused widespread outages to CDK's dealership customers. The attack has affected computer systems at dealerships, making it difficult for them to sell vehicles, process transactions, and schedule appointments.

Acquisition by Brookfield Business Partners

CDK Global is scheduled to be acquired by the investment company Brookfield Business Partners, which paid around $8.7 billion in cash for the company in April 2022. The acquisition is still pending regulatory approval.

Company Statement

CDK Global has released a statement saying that it will likely take several days for its software to be back online and operational. The company is working diligently to restore its systems and has apologized for the inconvenience caused to its customers.

In the meantime, dealerships have been forced to find alternative ways to operate. Some dealerships are using manual processes to complete sales and transactions, while others have had to close temporarily.

The cyberattack at CDK Global highlights the importance of cybersecurity for businesses of all sizes. Businesses should take steps to protect their systems from cyberattacks, such as implementing strong firewalls, using multi-factor authentication, and regularly updating their software.