Tag: Eagers Automotive

Eagers Automotive halts trading in response to cyberattack
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Eagers Automotive halts trading in response to cyberattack

Eagers Automotive has said that it was the victim of a cyberattack and that, to assess the incident's effects, it was compelled to suspend trading on the stock exchange. Eagers Automotive is the biggest car dealership operator in Australia and New Zealand, operating more than 300 locations to sell brands like Mercedes-Benz, BMW, Nissan, Honda, Audi, Ford, Volkswagen, and BMW. It also owns a sizable number of subsidiaries that are devoted to the sale of old goods. The business has 8,500 employees and generated AU$ 4.82 billion (USD 3.25 billion) in revenue in the first half of 2023. Eagers Automotive declared on December 27, 2023, that it would have to suspend all trading activities to fulfill its disclosure responsibilities about the cybersecurity issue. Eagers Automotive declare...