CDK Global Pays Tens of Millions in Ransom After Cyberattack
A Major Cyberattack Hits CDK Global, Crippling Car Dealerships
CDK Global, a leading provider of software and technology solutions to the automotive industry, has been hit by a major cyberattack that has crippled car dealerships across North America. The company said that the attack began on Wednesday, March 29, and has affected its systems, including those that support vehicle sales, service, and parts.
CDK Global Pays Tens of Millions in Ransom
CDK Global has confirmed that it has paid tens of millions of dollars in ransom to the hackers responsible for the attack. The company said that it made the payment in order to regain access to its systems and to protect its customers' data. The ransom payment is one of the largest ever reported in a cyberattack.
CDK Global to Take Days to Recover
CDK Global said that it will likely take several days for its software to be back online and operational. The company is working with law enforcement and cybersecurity experts to investigate the attack and to restore its systems. In the meantime, auto dealerships are being forced to operate without access to critical software, which is causing significant delays and disruptions.
The cyberattack on CDK Global is a reminder of the growing threat of ransomware attacks. Ransomware is a type of malware that encrypts a victim's files and demands payment in exchange for decrypting them. Ransomware attacks have become increasingly common in recent years, and they can have a devastating impact on businesses. CDK Global's decision to pay the ransom is a sign of the pressure that companies are under to recover from these attacks.
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