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Cdk Global

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cybersecurity1 year ago

"$25M Ransom Paid to End CDK Cyberattack Impacting Car Dealers"

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.

via Newser|
#bitcoin#car-dealerships#cdk-global
business1 year ago

AutoNation Warns of Profit Hit from CDK Global Cyberattack

AutoNation announced that its second-quarter earnings will be negatively impacted by approximately $1.50 per share due to a recent software outage at CDK Global, a key auto dealer software provider. The outage disrupted AutoNation's dealer management system and other core functions, leading to lost income and additional costs. Despite these challenges, AutoNation expects to restore all systems by the end of July 2024 and does not foresee a material impact on its overall financial condition.

via Fox Business|
#auto-industry#autonation#business
cybersecurity1 year ago

CDK Global Pays $25M Ransom After Cyberattack, CEO Vows Dealer Compensation

CDK Global reportedly paid a $25 million ransom in Bitcoin to restore services after a ransomware attack caused a two-week outage affecting up to 15,000 car dealerships. The attack, attributed to the BlackSuit ransomware group, led to significant financial damage estimated at over $600 million. CDK has not disclosed details of the recovery process, and some systems remain offline.

via The Register|
#bitcoin#car-dealerships#cdk-global
cybersecurity1 year ago

"CDK Cyberattack Cripples 15K Auto Dealers, Demands Millions in Ransom"

Hackers have targeted CDK Global, a software provider for car dealerships, demanding tens of millions in ransom. The cyberattack has disrupted operations at dealerships across North America for three days. CDK has shut down most systems as a precaution and is consulting with external experts, with no clear timeline for resolution. The hackers are believed to be based in Eastern Europe.

via USA TODAY|
#auto-dealerships#cdk-global#cyberattack
technology1 year ago

Cyberattack on CDK Cripples U.S. Auto Dealerships

Car dealerships across North America are experiencing significant disruptions due to cyberattacks on CDK Global, a major software supplier for auto dealers. The attacks have led to a multi-day outage affecting operations like vehicle sales and financing, with no clear resolution timeline. Major auto companies like Stellantis, Ford, and BMW have confirmed impacts on their dealers, who are resorting to manual processes. CDK is investigating the incidents and working to restore services while cautioning against phishing attempts.

via ABC News|
#car-dealerships#cdk-global#cyberattack
technology1 year ago

Cyberattack Cripples U.S. Car Dealerships, Halting Sales

Car dealerships across North America are experiencing significant disruptions due to a multi-day outage caused by cyberattacks on CDK Global, a major software supplier for auto dealers. The attacks have led to delays and manual processing at dealerships, with no clear resolution timeline. CDK Global is investigating the incidents and working to restore services while warning customers about potential phishing attempts. Major auto companies like Stellantis, Ford, and BMW have confirmed impacts but continue operations through alternative methods.

via The Associated Press|
#car-dealerships#cdk-global#cyberattack
business1 year ago

Cyberattack Cripples Car Dealerships Across U.S. and Canada

A cyberattack on CDK Global, a software provider for auto dealers, has disrupted car sales and services across thousands of dealerships in the U.S. and Canada. The breach forced CDK Global to shut down its systems to protect customer data, causing delays in sales processes and forcing dealers to use alternative methods for paperwork. The disruption comes at a critical sales period, but many dealers are managing to continue operations despite the challenges.

via The New York Times|
#auto-dealers#business#canada
automotive1 year ago

Cyberattack Cripples U.S. and Canadian Car Dealerships

A massive cyberattack on CDK Global has disrupted U.S. and Canadian car dealerships, forcing them to revert to pen and paper for transactions and repairs. The attack has significantly impacted their ability to do business, with the fallout expected to last several days. Meanwhile, Ford is taking a profit hit to address quality issues and reduce recalls, and Toyota has issued a stop-sale order on two models due to airbag problems.

via Jalopnik|
#automotive#car-dealerships#cdk-global