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Sonic Auto, retailers indicate cyberattack effects could linger 

Dealers turn to lender portals, manual deal tracking after cyberattack 

James Van BramerbyJames Van Bramer
July 11, 2024
in Risk Management
Reading Time: 5 mins read
0

Although it’s been a week since software provider CDK Global’s systems were restored following a cyberattack, some dealerships are still experiencing difficulties closing deals.  In fact, Sonic Automotive stated in an updated Securities and Exchange Commission filing on July 5 that the cyberattacks were “likely to have a material impact” on the company’s second-quarter earnings. . […]

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