AutoCanada Inc. has discovered a cybersecurity breach that could disrupt its operations. They are investigating the situation to understand the potential impact on customer and employee data.
The breach follows a June cyberattack on CDK Global, which affected AutoCanada's operations significantly, leading to a net loss of $33.1 million for the second quarter.
Paul Antony, AutoCanada's executive chairman, mentioned that the company faced several headwinds, including higher inventory levels and the economic slowdown, that adversely impacted performance.
In response to ongoing challenges, AutoCanada is hiring consultants to accelerate strategic initiatives and has paused all merger and acquisition activities along with discretionary spending.
Collection
[
|
...
]