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Home Incidents

Auto Parts Giant LKQ Hit With Data Breach

December 16, 2024
Reading Time: 2 mins read
in Incidents

LKQ Corporation, a prominent auto parts giant, revealed that one of its Canadian business units was the target of a data breach. The breach was identified on November 13, 2024, when unauthorized access to IT systems disrupted operations within the affected unit. LKQ, known for its automotive replacement parts and services, acted swiftly upon discovering the breach, activating its security incident response protocols and engaging forensic investigators to assess the situation.

Following the breach, LKQ’s immediate focus was on containing the threat and recovering the affected systems. The company also notified law enforcement authorities and took necessary actions to secure the impacted data. Although the breach led to several weeks of disruption within the business unit, LKQ has since managed to restore operations, bringing the affected unit back to near full capacity.

LKQ emphasized that no other business units were impacted by the attack, and the company believes the threat has been effectively contained. The breach, however, caused some temporary operational setbacks, as the company worked through its recovery and containment measures. Despite the disruption, LKQ assured stakeholders that it did not anticipate any material financial impact for the remainder of the fiscal year.

In light of the breach, LKQ stated that it plans to seek reimbursement for the costs and expenses associated with the incident from its cyber insurance provider. The company has not yet disclosed the identity of the threat actors behind the attack, and no ransomware groups or other cybercriminal organizations have claimed responsibility for the breach. LKQ continues to focus on strengthening its cybersecurity posture to prevent future incidents.

Reference:

    • Auto Parts Giant LKQ Hit With Breach Disrupting Canadian Business Unit

 

Tags: Canadacyber incidentsCyber Incidents 2024CybersecurityData BreachDecember 2024LKQ Corporation
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