Sonic Automotive says ransomware-linked CDK software outage cost it $30M
August 6, 2024 at 12:55PM Sonic Automotive reported a $30 million loss due to CDK Global’s ransomware attack, with $11.6 million attributed to staff compensation. Despite shareholder confidence, there was a $0.64 drop in diluted EPS, affecting Q2 earnings. Competitors like AutoNation also experienced substantial EPS decreases. Economic consultants estimated CDK customers’ total losses to … Read more