00:00It's Benzinga, and here's what's on the block.
00:02An ongoing cyber attack on CDK Global, whose software car dealerships used to manage operations
00:09has crippled over 15,000 dealerships across North America.
00:13Dealerships are unable to track customer interactions, orders, sales, and payroll, which is hurting
00:17their business and ability to operate normally.
00:20Workers are concerned about getting paid.
00:22The software outage is estimated to result in $944 million in direct losses for affected
00:28dealerships if it lasts three weeks due to business interruptions.
00:31CDK Global says they are slowly bringing some dealerships back online, but do not expect
00:36a full resolution until July.
00:38For all things money, visit Benzinga.com.
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