AutoCanada Announces Cybersecurity Breach, Reports Financial Loss

Previous CDK Global Attack Contributed to Net Loss of 331 Million

Breach Could Disrupt Operations

EDMONTON, AB - August 13, 2024 - AutoCanada Inc. (ACQ) has disclosed a cybersecurity breach of its systems, potentially disrupting operations. The announcement comes as the company reports a net loss of 331 million for the quarter ended June 30th, primarily attributed to a previous breach at CDK Global in June.

The CDK Global breach resulted in lost sales and other costs, contributing to AutoCanada's financial loss. The company is currently investigating the extent of the recent breach and its potential impact on operations. AutoCanada emphasizes its commitment to customer and employee privacy and is working diligently to mitigate any potential risks.