CDK Cyberattack Update: Car Dealerships Struggle Amid Ongoing Shutdowns

CDK cyberattack hampers U.S. car dealerships, with 15,000 affected. CDK systems still down, no timeline for recovery. Stay tuned for updates.

The CDK cyberattack is causing chaos for car dealerships across the U.S., with approximately 15,000 dealerships experiencing issues due to the attack. This marks the third day of disruptions for dealerships since the cyberattack first hit on Tuesday, followed by a second attack on Wednesday.

CDK has provided an update stating that it is unclear when its systems will be back up and running, as most systems have been shut down to protect customers. The company warns that the outage could last for several days, leaving dealerships struggling to conduct business.

The National Automobile Dealers Association has expressed concern about the cyberattack, stating that dealers are actively seeking information from CDK to understand the nature and scope of the incident so they can respond appropriately.

As of now, the identity of the attackers behind the CDK cyberattack remains unknown. It is likely that a group is responsible for the attack, but their motives and intentions have not been disclosed. Investors and traders will have to wait for further updates from CDK to learn more about the situation.

In the meantime, there is plenty of other stock market news and updates to keep traders informed and engaged. Stay tuned for more developments in this ongoing cyberattack and its impact on the automotive industry.