Update: CDK Global Confirms Cyberattack, Engages with Dealers to Restore Service

MT Newswires Live06-27

(Updates CDK Global's confirmation of cyberattack and additional details throughout.)

CDK Global is actively working with its customers following a cyber incident, the company said Wednesday.

The attack reportedly left some of its dealership clients in the auto, truck, recreational vehicle and heavy equipment sector offline for nearly a week.

CDK told MT Newswires it has notified law enforcement authorities and also begun an investigation with the help of third-party experts. It also has "begun the restoration process" and is actively engaged with customers for alternate ways to conduct business.

Bloomberg News reported earlier, citing Allan Liska, a cyberthreat specialist at security consultants Recorded Future, that BlackSuit hackers were behind the ransomware attack and are demanding tens of millions of dollars in demands.

Its clients, including AutoNation (AN), Lithia Motors (LAD) and Group 1 Automotive (GPI), reportedly were warned of business disruptions following the attack.

CDK declined to share any further details with MT Newswires.

Price: 156.00, Change: -0.01, Percent Change: -0.01

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