Cdk Global news and trends

AutoNation: CDK Hack Will Hurt Earnings
Security & Fraud // July 15, 2024

The impact of the hack on car dealership software firm CDK Global continues to reverberate. AutoNation, one of the largest dealership chains in the country, warned on Monday (July 15) that the cyberattack will impact its second quarter earnings by $1.50 per share. The company...

CDK Says It’s Recovering From Hack Faster Than Expected
Fraud Attack // July 02, 2024

CDK Global has “substantially all” of its car dealership customers back online with their management systems, about two weeks after the company’s systems were taken down by hackers. The company had said Monday (July 1) that some of its systems could be down as late...

CDK Expects to Have Hacked Systems Restored by July 4
Security & Fraud // July 01, 2024

CDK Global is reportedly restoring its systems that were hacked and expects to have all the car dealerships using its platform live by the morning of July 4. “We are continuing our phased approach to the restoration process and are rapidly bringing dealers live,” said...

CDK Global Hackers Tied to 96 Cyberattacks in Past Year
Fraud Attack // June 28, 2024

The hackers who struck car dealership software-as-a-service (SaaS) platform CDK Global on June 18 and 19 are reportedly affiliated with a Russia-based group called BlackSuit. This cybercriminal group has been tied to 96 extortion efforts since May 2023 and has likely committed dozens more, Bloomberg reported Friday (June 28)....

Quick Reads
AutoNation: CDK Hack Will Hurt Earnings

July 15, 2024
The impact of the hack on car dealership software firm CDK Global continues to reverberate. AutoNation, one of the largest dealership chains in the country, warned on Monday (July 15) that the cyberattack will impact its second quarter earnings by $1.50 per share. The company said in a Securities and Exchange Commission (SEC) filing that […]

CDK Says It’s Recovering From Hack Faster Than Expected

July 02, 2024
CDK Global has “substantially all” of its car dealership customers back online with their management systems, about two weeks after the company’s systems were taken down by hackers. The company...

CDK Expects to Have Hacked Systems Restored by July 4

July 01, 2024
CDK Global is reportedly restoring its systems that were hacked and expects to have all the car dealerships using its platform live by the morning of July 4. “We are...

CDK Global Hackers Tied to 96 Cyberattacks in Past Year

June 28, 2024
The hackers who struck car dealership software-as-a-service (SaaS) platform CDK Global on June 18 and 19 are reportedly affiliated with a Russia-based group called BlackSuit. This cybercriminal group has been tied to...