Eagers Automotive has announced it suffered a cyberattack and was forced to halt trading on the stock exchange as it evaluates the impact of the incident.
Eagers Automotive is the largest operator of car dealerships in Australia and New Zealand, with over 300 selling points for brands such as Toyota, BMW, Nissan, Mercedes-Benz, Audi, Ford, VW, and Honda. It also owns a large number of subsidiaries focused on second-hand sales.
The company employs 8,500 people, and in the first half of 2023, it reported revenues of AU$4.82 billion (USD$3.25 billion).
On December 27, 2023, Eagers Automotive announced it would have to halt all trading operations to manage disclosure obligations concerning the cybersecurity incident.
Today, a second announcement offered more insight regarding the situation, noting that the incident has impacted several of its systems across Australia and New Zealand.
"The outage is currently impacting our IT systems in some operating locations across Australia and New Zealand, but the full extent of the cyber incident cannot yet be ascertained,"
reads the media release.
"External experts have been appointed to support our response and an urgent investigation is underway."
