EDMONTON — AutoCanada Inc. says it has found a cybersecurity breach of its systems that could disrupt operations as it also reported a financial loss for the second quarter because of a separate cybersecurity incident.
The breach follows a June cyberattack against CDK Global, a company that provides software for thousands of auto dealers in the U.S. and Canada, that led to major disruptions.AutoCanada says the CDK outage lasted from June 19 to July 1, but that it took until the end of July to have the software running back to normal, leading to lost sales and other costs for AutoCanada.
Along with the CDK outage, AutoCanada also faced higher vehicle inventory levels and financing costs, while rising unemployment and the economic slowdown have created increased consumer uncertainty, said Antony. In his first solo appearance as the Democratic vice presidential nominee, Minnesota Gov. Tim Walz warned cheering union members Tuesday that Donald Trump would wage war on working people and threaten Medicare and Social Security as he kicked off a five-state fundraising swing.
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