CDK cyberattack results in operational chaos in the auto retail industry, forcing dealerships into manual mode and sparking industry-wide cybersecurity reassessments.
The auto retail technology and software provider planned to pay the ransom, Bloomberg News reported. CDK has said it experienced a cyber incident on Wednesday. Although it did not directly comment on the Bloomberg report, the company in an emailed statement on Saturday said it launched an investigation by experts, notified law enforcement and has begun the restoration process.
Key Insights The projected fair value for Sonic Automotive is US$63.85 based on 2 Stage Free Cash Flow to Equity Sonic...