'Major Cyber Attack By Blacksuit Ransomware Disables CDK Global's Operations' - DataConomy
Portfolio Pulse from Benzinga Newsdesk
CDK Global, a SaaS provider for car dealerships, has been hit by the BlackSuit ransomware gang, causing significant IT outages. This has disrupted operations for dealerships across North America, including Penske Automotive Group and Sonic Automotive. CDK is negotiating with the attackers to secure a decryptor and prevent data leaks.
June 24, 2024 | 3:07 pm
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NEGATIVE IMPACT
CDK Global has been severely impacted by a ransomware attack from the BlackSuit gang, causing major IT outages and disrupting services for car dealerships. The company is negotiating with the attackers to secure a decryptor and prevent data leaks.
The ransomware attack has caused significant operational disruptions for CDK Global, affecting its ability to provide services to car dealerships. This is likely to negatively impact the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEGATIVE IMPACT
Penske Automotive Group has experienced disruptions in its dealer management system due to the CDK Global ransomware attack. The company has implemented manual processes to continue operations.
The disruption in CDK Global's services has affected Penske Automotive Group's operations, which may lead to short-term operational challenges and potential financial impacts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Sonic Automotive has been affected by the CDK Global ransomware attack, causing disruptions in its dealer management and CRM systems. The company is using workaround solutions to minimize the impact.
Sonic Automotive's operations have been disrupted due to the CDK Global ransomware attack, which may lead to short-term operational and financial challenges.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50