Cloud Software Provider for Car Dealerships Gets Breached
One of the leading providers of cloud-based software to dealerships in the country, CDK's software which helps dealerships manage vehicle acquisitions, sales, financing, insuring, repairs, and maintenance which works with more than 15,000 retail locations across North America has experienced a data breach. The company shut down most of its systems “out of an abundance of caution" for customers.
The company's website says it offers a “three-tiered cybersecurity strategy to prevent, protect and respond to cyberattacks.”
A 2023 report from CDK notes that cybercriminals are a growing threat to target car dealerships, with 17% of 175 surveyed dealers experiencing a cyberattack or incident within the past year, up from 15% the year prior. Of those dealers, 46% said the cyberattack had a negative financial or operational impact. Read more about this story on our LinkedIn page
The company's website says it offers a “three-tiered cybersecurity strategy to prevent, protect and respond to cyberattacks.”
A 2023 report from CDK notes that cybercriminals are a growing threat to target car dealerships, with 17% of 175 surveyed dealers experiencing a cyberattack or incident within the past year, up from 15% the year prior. Of those dealers, 46% said the cyberattack had a negative financial or operational impact. Read more about this story on our LinkedIn page