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Outage from CDK cyberattacks could cost dealers $1 billion, study says

CDK
Dealers could lose roughly $1 billion should the CDK outage last until the July 4 holiday weekend, according to an estimate from the Anderson Economic Group. (DAVID PHILLIPS)
MM
By:
Michael Martinez
June 27, 2024 09:28 PM

The ongoing dealership management system outages following cyberattacks on CDK Global could cost retailers nearly $1 billion if it lasts until the July 4 holiday weekend, according to estimates from the Michigan-based Anderson Economic Group.

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