CDK Global Aims to Restore Auto Dealer Systems by July 4

Cyberattacks have disrupted operations at 15,000 car dealerships, causing significant financial and operational impacts.

CDK Global is working to bring all dealers back online following a cyberattack on June 19.
The BlackSuit ransomware gang is identified as the culprit behind the attack.
Dealerships have faced operational challenges, including reverting to manual processes.
Analysts predict a potential 10% drop in Q2 earnings for major auto dealers.
The cyberattack could result in nearly $1 billion in losses if unresolved by July 6.