Sonic Automotive says ransomware-linked CDK software outage cost it $30M
ID: 8ca73d55-1ab4-578b-809d-0d3130868b9f
STIX ID: report--8ca73d55-1ab4-578b-809d-0d3130868b9f
Feed Name: The Register (Security)
Threat Score
The report covers the operational and financial fallout from CDK Global's June ransomware outage that disrupted dealership systems: Sonic Automotive reported a ~$30M hit to pre-tax GAAP income (including $11.6M in additional compensation), competitors such as Ashbury, AutoNation, Group 1, Penske, and Lithia reported material impacts, and an economic analysis estimated franchised dealerships lost over $1 billion in revenue and about 56,200 vehicle sales.
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