TLDR:
- CDK Global is facing a cyberattack disrupting dealership operations
- Key players in the automotive industry are stepping in to assist affected dealerships
CDK Global, a major provider of dealership management systems, is dealing with a significant cybersecurity crisis after being hit by cyberattacks. The ongoing shutdown of CDK’s systems is severely impacting the automotive retail industry, affecting vehicle sales, financing, and repairs. Major automotive companies like BMW, Kia, Toyota, and Stellantis are helping dealerships serve customers during the outage. In response to the security concerns and scams arising from the cyberattacks, CDK has issued warnings about scammers posing as IT support staff and competitors like Reynolds and Reynolds and Tekion are offering support to affected dealerships. CDK Global is committed to providing regular updates and competitors are working on technology solutions to help dealerships maintain business continuity during this challenging period.