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  • 1 year ago
An ongoing cyberattack on CDK Global, whose software car dealerships use to manage operations, has crippled over 15,000 dealerships across North America. Dealerships cannot track customer interactions, orders, sales, and payroll, which is hurting their business and ability to operate normally. Workers are concerned about getting paid. The software outage is estimated to result in $944 million in direct losses for affected dealerships if it lasts 3 weeks due to business interruptions. CDK Global says they are slowly bringing some dealerships back online but do not expect the full resolution until July.
Transcript
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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