Autocanada Announces Fresh Cybersecurity Breach As Earnings Hit By Previous Incident

# WEB AutoCanada Announces Cybersecurity Breach as Earnings Hit by Previous Incident ##

AutoCanada Discovers New Cybersecurity Breach

WEB AutoCanada has announced a fresh cybersecurity breach, revealing that its systems have been recently compromised, potentially leading to operational disruptions. This announcement comes amidst the ongoing fallout from a separate cybersecurity incident that occurred on August 11th.

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Impact on Earnings

In its latest financial report, WEB AutoCanada acknowledged that the previous cybersecurity incident had negatively impacted its earnings. The company is still in the process of assessing the financial consequences of the new breach.

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Assumptions and Risks

WEB AutoCanada emphasizes that it is not yet able to provide a complete list of all potential risks and uncertainties associated with the breach. The company reminds investors that the situation remains fluid and subject to change.

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Third-Party Software Issue

On June 19, 2024, a third-party provider of information systems, CDK Global, experienced an outage that lasted for several weeks. WEB AutoCanada was heavily impacted by this outage, which took until the end of July to resolve.