Overview

• 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.