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Cheat sheet: What you need to know about about the great car dealer software hack. Pras Subramanian. June 29, 2024 at 10:32 AM ... “Because of the disruption to dealer software systems, June ...
(Reuters) -U.S. auto dealers grappled with a cyber attack-led ongoing software outage on Monday, with some reverting to manual paperwork as car industry technology provider CDK worked to restore ...
CDK Global works to restore dealer software after hack, but the auto sales fallout still looms. Pras Subramanian. June 27, 2024 at 10:05 AM. The CDK Global ...
Shares in CDK's parent company lost over 5.7% value in the wake of the attack, [39] while share prices of large auto dealers Sonic, Group 1 and AutoNation dropped up to 4.4%. [40] JD Power estimated that due to the outage, U.S. retail unit sales in June 2024 would decrease by up to 7.2% from June 2023. [ 41 ]
The integration of these various communications and software systems leaves automobiles vulnerable to attack. Security researchers have begun demonstrating the multitude of potential attack vectors in modern vehicles, and some real-world exploits have resulted in manufacturers issuing vehicle recalls and software updates to mobile applications.
Dealerships look at utilizing data analytics, real-time tracking, and predictive sales to improve the customer journey; hence, the emergence of Auto Dealer Software solutions is on the rise. With the growth of online automobile retailing and automobile e-commerce websites, comes the increased demand for the more advanced software tools that can ...
A vehicle tracking system combines the use of automatic vehicle location in individual vehicles with software that collects these fleet data for a comprehensive picture of vehicle locations. Modern vehicle tracking systems commonly use GPS or GLONASS technology for locating the vehicle, but other types of automatic vehicle location technology ...
Lithia, Penske Auto Group, and Group 1 Automotive all said in filings last month that second quarter results would be affected by the hack. Hacked: CDK Global headquarters in Silicon Valley.