June 20, 2024 at 06:01PM
A supply chain cyberattack on CDK Global forced numerous car dealerships to close on a busy sales day. Some dealerships lost online access, while others relied on paper records. CDK took systems offline as a precaution and is conducting tests for restoration. Security experts suspect ransomware and suggest ongoing cyber incidents impacting the software provider and its clients.
Summary of Meeting Notes:
– A supply chain cyberattack on software provider CDK Global caused thousands of car dealerships to shut down, affecting sales on a traditionally busy day due to the Juneteenth holiday.
– Dealerships experienced online disruptions, leading some to shut down completely while others relied on paper records for essential functions.
– CDK took its systems offline as a precaution and has since restored them, with ongoing extensive testing on applications before bringing them back online.
– The specific nature of the cyber incident remains unclear, but it’s suspected to be related to ransomware by cybersecurity experts.
– Andrew Costis suggested that there may be more than one cyber incident impacting CDK, creating a broader impact across the automotive industry.