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"Everything Is Frozen": Third-Day Of Cyberattack Leaves 15,000 Auto Dealerships Crippled
Over 15,000 auto dealerships nationwide face major disruptions due to an ongoing cyberattack for the third day, shutting down their backend management systems. This has halted sales for some dealers and forced others to complete transactions the old-fashioned way: by hand.
CDK Global, the leading provider of dealership management systems and digital retailing solutions, said cybersecurity breaches began on Tuesday. By Wednesday afternoon, CDK's core systems were restored, only to be shuttered on Thursday after a second hack attack. This has made it nearly impossible for thousands of dealers to buy and sell vehicles this week.
https://www.zerohedge.com/technology/everything-fr...==============================
Well, guess who owns CDK Global? BBU! No wonder BBU shares are slipping. CDK Global is one of BBU's top 6 investments. Who knows how many millions BBU will have to shell out to dealers to make up for the business disruption.
I hope this is a wake up call, not just for BBU but all of Brookfield, to take security extremely seriously and make the necessary investments to prevent incidents like this from happening again.
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