Cyberattack disrupts Eagers Automotive

Reuters reports that Australian automotive retail group Eagers Automotive had certain transactions delayed following a cyberattack against some of its IT systems. Operational effects of the incident have been different across the major car dealership operator's Australian and New Zealand business units, according to Eagers. Moreover, Eagers said that while the breach primarily affected the finalization of transactions for the last five days of the year, it will not have a significant impact on corporate profits. "The deferred transactions are expected to be recognized in the 2024 financial year once they have been appropriately finalized within our systems," said Eagers. Such an incident comes amid the increasing prevalence of cyberattacks against businesses across Australia, which has already prompted the Australian government to introduce cybersecurity reforms, as well as establish an agency leading cybersecurity investment oversight and coordinating cyberattack response efforts.

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