CDK's Cyber Outage Hits US Auto Dealers For Second Day In A Row | Old North State Wealth News
Connect with us

US News

CDK’s cyber outage hits US auto dealers for second day in a row



(Reuters) – A cyber outage at retail technology and software provider CDK entered its second consecutive day on Thursday, impacting automobile dealers across the United States, the affected companies said on Thursday.

“The CDK outage is impacting automotive dealerships across the U.S. and Canada, including a portion of BMW Group dealers,” a spokesperson for BMW North America told Reuters.

CDK told Reuters it was working to reinstate its services and get its dealers back to business “as quickly as possible”.

The company, which provides software to car dealerships, briefly shut down all its systems on Wednesday, saying it was investigating a cyber incident.

“Dealers are very committed to protecting their customer information and are actively seeking information from CDK to determine the nature and scope of the cyber incident so they can respond appropriately,” the National Automobile Dealers Association said.

Privately owned vehicle dealer Holman also said the outage had impacted its phone system.

Investment firm Brookfield Business Partners bought CDK in April 2022 for $6.41 billion in a cash deal, taking the last major publicly traded provider of software to auto dealers and manufacturers private.

(Reporting by Juveria Tabassum, Kannaki Deka and Nathan Gomes in Bengaluru; Editing by Pooja Desai)

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Copyright © 2024 ONSWM News. Content posted on the Old North State Wealth News page was developed and produced by a third party news aggregation service. Old North State Wealth Management is not affiliated with the news aggregation service. The information presented is believed to be current. It should not be viewed as personalized investment advice. All expressions of opinion reflect the judgment of the authors on the date the articles were published. The information presented is not an offer to buy or sell, or a solicitation of any offer to buy or sell, any of the securities discussed.