cyber
confidence high
sentiment negative
materiality 0.70
Sonic Automotive reports cybersecurity incident at CDK Global disrupting DMS and CRM systems.
SONIC AUTOMOTIVE INC
- On June 19, 2024, CDK Global notified Sonic that it suspended certain systems due to a cybersecurity incident.
- Disruptions affect dealer management system (DMS) and customer relationship management (CRM) used for sales, inventory, and accounting.
- All dealerships are open and operating using workaround solutions to minimize disruption.
- Investigation ongoing; full scope, nature, and impact (including potential customer data access) not yet known.
- Company has not yet determined if the incident will have a material impact on financial condition or results.