Current:Home > FinanceFastexy Exchange|CDK Global says outages to continue through June 30 after supplier hack -Wealth Evolution Experts
Fastexy Exchange|CDK Global says outages to continue through June 30 after supplier hack
Fastexy Exchange View
Date:2025-04-06 19:27:18
CDK Global said in a message to clients its system shutdown is Fastexy Exchangeexpected to continue at least until the end of the month.
The company that provides software to car dealerships in North America does not expect to get "all dealers live" before Sunday, June 30, according an update to customers viewed by multiple media outlets including Reuters and Bloomberg on Tuesday.
"We are continuing the restoration process of our core applications and are making significant process," the update said. "Should you need to make alternate plans for your month-end financial close process, you should do so."
CDK, which continues to grapple with cyberhack and ransom demand, has been working to restore systems used by 15,000 auto dealers nationwide, Reuters reported.
Group demands millions in ransom
A group that says it hacked software company CDK Global is demanding tens of millions of dollars in ransom, Bloomberg reported on Saturday.
The company intended to pay the ransom but discussions are subject to change, according to the Bloomberg report, which cited a person familiar with the situation.
The source said the group behind the hack is believed to be based in eastern Europe, Bloomberg reported.
Outages upend dealership sales and operations
Auto dealers including AutoNation and Peer Lithia Motors said they have experienced disruptions that are likely to negatively impact business, Reuters reported Monday. Some dealerships have reverted to paper methods to conduct business.
At Oxmoor Auto Group, based in Louisville, Kentucky, nearly every dealership in the network − Ford, Toyota, Hyundai among others − has had their system down since the cyberattack occurred.
This attack has dramatically impacted salespeople’s ability to process orders for customers.
Across town at Jeff Wyler Honda in Louisville, the service department has resorted to handwriting orders in an effort to fulfill service needs while the software is down. Oxmoor Toyota and Oxmoor Ford are only able to complete oil changes for customers, as the hacking depleted the dealerships ability to do more intensive maintenance work.
What is CDK Global?
One of the leading providers of cloud-based software to dealerships in the country, CDK's software helps dealerships manage vehicle acquisitions, sales, financing, insuring, repairs and maintenance. The company's website says it offers a “three-tiered cybersecurity strategy to prevent, protect and respond to cyberattacks.”
One of the leading providers of cloud-based software to dealerships in the country, CDK's software helps dealerships manage vehicle acquisitions, sales, financing, insuring, repairs and maintenance. The company's website says it offers a “three-tiered cybersecurity strategy to prevent, protect and respond to cyberattacks.”
CDK works with more than 15,000 retail locations nationwide, according to its website.
Is CDK still down?
CDK did not immediately respond to USA TODAY's request for an update Monday on how many businesses were impacted and if any have been restored.
However, CDK started a restoration process Saturday that was expected to take "several days" to complete, according to a company spokesperson.
veryGood! (99523)
Related
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Fire deep in a gold mine kills almost 30 workers in Peru
- Lisa Rinna Talks Finding Fun During Tough Times and Celebrating Life With Her New Favorite Tequila
- Twitter's Safety Chief Quit. Here's Why.
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- San Francisco considers allowing law enforcement robots to use lethal force
- Joshua Jackson Gives a Glimpse Into His “Magical” Home Life with Jodie Turner-Smith and Daughter Janie
- Brazen, amateurish Tokyo heist highlights rising trend as Japan's gangs lure desperate youth into crime
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- These Are the 10 Best Strapless Bras for Every Bust Size, According to Reviewers
Ranking
- In ‘Nickel Boys,’ striving for a new way to see
- Joshua Jackson Gives a Glimpse Into His “Magical” Home Life with Jodie Turner-Smith and Daughter Janie
- Padma Lakshmi’s Daughter Krishna Thea, 13, Is All Grown Up in Glamorous Red Carpet Moment
- Serbia gun amnesty spurred by mass shootings sees 3,000 weapons and parts handed over in just 2 days
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- See Bella Hadid Celebrate 5-Month Sobriety Milestone
- Aries Shoppable Horoscope: 10 Birthday Gifts Aries Will Love Even More Than Impulsive Decision-Making
- Video games are tough on you because they love you
Recommendation
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
The Game Awards 2022: The full list of winners
Facebook's own oversight board slams its special program for VIPs
Mexico will increase efforts to stop U.S.-bound migrants as Title 42 ends, U.S. officials say
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
Ukraine intercepts Russia's latest missile barrage, putting a damper on Putin's Victory Day parade
Missing woman survives on lollipops and wine for 5 days stranded in Australian bushland
How likely is a complete Twitter meltdown?