Eagers Automotive halts trading in response to cyberattack

Eagers Automotive halts trading in response to cyberattack

December 28, 2023 at 04:20PM

Eagers Automotive, the largest car dealership operator in Australia and New Zealand, suffered a cyberattack, resulting in halting stock trading. With over 300 selling points for various brands and subsidiaries, the incident impacted its systems. While external experts are investigating, concern remains about potential customer data exposure. Other recent cyberattacks on Australian businesses were also noted.

Key takeaways from the meeting notes:

Eagers Automotive, the largest car dealership operator in Australia and New Zealand, experienced a cyberattack, leading to a temporary halt in trading to assess the impact of the incident.

The cyber incident impacted several IT systems across the company’s operating locations, and external experts have been engaged to support the response and conduct an urgent investigation.

The company promptly notified the Australian Cyber Security Centre and the New Zealand National Cyber Security Center of the incident.

There are concerns about the potential for a data breach, given the scale of the company’s operations and the sensitive financial information of its customers. Although the company expressed regret for any inconvenience caused and emphasized the importance of safeguarding customer and employee data, it did not explicitly address the possibility of a data leak in its media statement.

It is noted that no major ransomware groups have claimed responsibility for the attack on Eagers Automotive at this time.

Additionally, recent cyberattacks on other prominent Australian businesses, including Yakult Australia, Nissan Australia, DP World, Pizza Hut Australia, and others, indicate a broader trend of cyber threats affecting large organizations in the region.

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