Sonic Automotive Says CDK Global Notified Its Dealership Customers CDK Suspended Some Systems, Including Systems Used By Co, Due To Cybersecurity Incident; Experienced Disruptions To Its Dealer Management System Hosted By CDK
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Sonic Automotive (SAH) reported that CDK Global (CDK) has notified its dealership customers about a suspension of some systems due to a cybersecurity incident. This has caused disruptions to Sonic Automotive's dealer management system hosted by CDK.
June 21, 2024 | 8:14 pm
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NEGATIVE IMPACT
CDK Global has suspended some of its systems due to a cybersecurity incident, affecting its dealership customers, including Sonic Automotive. This incident could lead to reputational damage and operational challenges.
The cybersecurity incident and subsequent system suspensions could harm CDK Global's reputation and lead to operational challenges, potentially affecting its stock price negatively in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Sonic Automotive has experienced disruptions to its dealer management system due to a cybersecurity incident at CDK Global. This could impact its operations and customer service in the short term.
The disruption in the dealer management system could affect Sonic Automotive's daily operations and customer service, potentially leading to short-term negative impacts on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80