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    Home»Stock»CDK Global investigates cyber incident, briefly shuts down all systems by Reuters
    Stock

    CDK Global investigates cyber incident, briefly shuts down all systems by Reuters

    msmarkBy msmarkJune 19, 2024No Comments2 Mins Read
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    (Reuters) – Retail technology and software provider CDK Global (NASDAQ:) said it was investigating a cyber incident and briefly shut down all of its systems preemptively.

    The company, which provides software to car dealerships, said its core dealer management system and digital retail solutions have been restored. She said she also conducted tests and consulted with outside experts after the accident.

    “We continue to conduct extensive testing on all other applications, and will provide updates when we bring these applications back online,” CDK said in an emailed statement to Reuters.

    CDK systems went down for the first time around 2:00 a.m. EDT (0600 GMT) and some functions began coming back online Wednesday afternoon, according to a report by Bloomberg News.

    The company was purchased by investment firm Brookfield Business Partners (NYSE:) in April 2022 for $6.41 billion in an all-cash deal that acquired the last major publicly traded software provider to auto dealers and manufacturers.

    “We are aware of a report of a CDK outage. We are currently evaluating any impact to our Ford dealers,” Ford Motor (NYSE:) told Reuters in an emailed statement.

    General Motors (NYSE:) and BMW (DE:) did not immediately respond to Reuters’ requests for comment sent outside regular US business hours on whether the cyber incident affected their dealerships.

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