RumbleOn Expects At This Time CDK Cyber Issue Not To Have A Material Impact On Company - Filing
Portfolio Pulse from Benzinga Newsdesk
RumbleOn, Inc. has reported that a cyber event impacting CDK Global's systems, which RumbleOn uses for CRM and temporary license processing, is not expected to have a material impact on its financial condition or operations. Workarounds are in place to minimize disruptions.
June 26, 2024 | 10:12 am
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NEGATIVE IMPACT
CDK Global experienced a cyber event on June 19, 2024, affecting systems used by RumbleOn, Inc. While this has caused some disruptions, RumbleOn has implemented workarounds and does not expect a material impact on its operations.
The cyber event at CDK Global has caused disruptions to systems used by RumbleOn, Inc. Although RumbleOn has implemented workarounds, the incident highlights potential vulnerabilities in CDK's systems, which could negatively impact investor sentiment in the short term.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
RumbleOn, Inc. has stated that the cyber event affecting CDK Global's systems is not expected to have a material impact on its financial condition or operations. The company has implemented workarounds to minimize disruptions.
RumbleOn has indicated that despite the cyber event affecting CDK Global's systems, it does not foresee a material impact on its financial condition or operations. The company has implemented workarounds to ensure continued operations, which suggests a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100