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Stock impact report

CDK Hackers Want Millions in Ransom to End Car Dealership Outage [BNN Bloomberg (Canada)]

UnitedHealth Group Incorporated (DE) (UNH) 
Last unitedhealth group incorporated (de) earnings: 4/15 05:55 am Check Earnings Report
US:NYSE Investor Relations: unitedhealthgroup.com/investors.aspx
Company Research Source: BNN Bloomberg
CDK is planning to make the payment, said the person, who asked not to be identified because the information is private. The hacking group behind the attack is believed to be based in eastern Europe, the person said. In the early days of any ransomware attack, discussions are fluid, and the situation could change. CDK didn't respond to multiple requests for comment on Friday. Since CDK discovered the breach and shut off systems on June 19, chaos has ensued at many of the roughly 15,000 car dealerships that it counts as clients. CDK's core product — a suite of software tools referred to as a dealership management system, or DMS — underpins virtually every element of auto retailers' day-to-day business. So the outage hampered sales, interrupted repairs and delayed deliveries across an industry that topped $1.2 trillion in US sales last year. The disruptions also are hitting amid an end-of-quarter sales push. “It's just mass chaos at this point,” Diana Lee, the chief executive off Show less Read more
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