Category: CDK
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Group 1 Automotive sales set record high despite adverse weather, CDK disruptions (GPI)
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Group 1 for cars (New York Stock Exchange: GPIShares of Hyundai Motor Co. jumped to an all-time high on Wednesday as second-quarter results beat Wall Street expectations, with strong new vehicle sales offsetting recent disruptions caused by Hyundai Motor’s power outage that affected dealerships across the country and weather events…
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US new-vehicle sales growth slows after CDK cyberattack By Reuters
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By Nathan Gomez (Reuters) – Major U.S. automakers reported slower sales growth in the second quarter after a cyberattack on software company CDK Systems Inc. impacted operations at several dealerships during a crucial sales period in late June. General Motors reported a 0.6% rise in new vehicle sales, compared with…
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CDK dealer software unlikely to be restored before June end, memo says By Reuters
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Written by Nora Eckert and Nathan Gomez (Reuters) – CDK Global (NASDAQ:) does not expect to restore the ongoing outage caused by a cyber attack in its dealer management software, which is used by dealers across the United States, before the end of the month, according to a memo seen…
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CDK to pay tens of millions to hackers who crippled car dealerships
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A group claiming to have hacked CDK Global, a software provider for thousands of North American car dealerships, has demanded tens of millions of dollars in ransom, according to a person familiar with the matter. CDK plans to repay the amount, said the person, who asked to remain anonymous because…
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CDK to pay tens of millions to hackers who crippled car dealerships
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A group claiming to have hacked CDK Global, a software provider for thousands of North American car dealerships, has demanded tens of millions of dollars in ransom, according to a person familiar with the matter. CDK plans to repay the amount, said the person, who asked to remain anonymous because…
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Group claiming CDK systems hack demands millions of dollars, Bloomberg News reports By Reuters
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(Reuters) – A group of hackers who claimed responsibility for a cyberattack on CDK software systems demanded a multimillion-dollar ransom to put an end to the hack that affected auto dealers across the United States, Bloomberg News reported on Friday. The group behind the attack is believed to be based…