"$25M Ransom Paid to End CDK Cyberattack Impacting Car Dealers"
TL;DR Summary
CDK Global paid a $25 million ransom to end a cyberattack that disrupted operations for 15,000 car dealerships, resulting in an estimated $1 billion in losses. The attack, linked to BlackSuit ransomware, forced CDK to shut down systems crucial for managing sales and orders. Despite federal advice against paying ransoms, CDK felt compelled to comply to restore services. This incident highlights the vulnerability of businesses reliant on centralized software.
- $25M Ransom Ends Cyberattack That Crippled Car Dealers Newser
- How did the auto dealer outage end? CDK almost certainly paid a $25 million ransom CNN
- CDK ransom money goes through extensive money laundering schemes before reaching hackers Automotive News
- AutoNation warns CDK Global hack to hit second quarter earnings Yahoo Finance
- CDK cyberattack expected to cost car dealers more than $1 billion, Michigan study says Detroit Free Press
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