Automotive Industry Facing Crisis Due to Cyberattack on $1.2 Trillion Market

Reported about 1 year ago

A cyberattack on software provider CDK Global, which serves 15,000 auto dealers, has caused chaos and disruptions in the automotive industry in the US and Canada. The attack, which began on June 19, has paralyzed systems critical for sales, service, parts, and inventory management in an industry that generated $1.2 trillion in sales last year. With CDK's systems expected to be down for several more days, dealerships and customers are facing challenges in completing transactions and receiving services, impacting individuals' ability to purchase, service, or receive new vehicles.

Source: YAHOO

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