AutoCanada suffers net loss due to cyber breach at CDK Global, impacting operations.

AutoCanada Inc., an Edmonton-based dealership network, has revealed a cybersecurity breach that potentially disrupts its operations. The company reported a $33.1M net loss for the quarter ended June 30, due in part to a June cyberattack against CDK Global, a software provider for auto dealers, which caused lost sales and additional costs. AutoCanada's businesses remain open while they continue investigating and working on containment and remediation efforts.

August 13, 2024
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