Priya Patel
TLDR:
- CDK Global is working to restore systems after a cyberattack led to the shutdown of computer systems at auto dealers nationwide.
- Auto dealerships like AutoNation and Peer Lithia Motors have experienced disruptions that are impacting business.
Full Article:
After a cyberattack at CDK Global led to the shutdown of computer systems at auto dealers nationwide, the company said it has begun work to restore systems. CDK provides software to car dealerships and shut down operations after back-to-back cyberattacks. Reports indicate that a group claiming to be the hackers is asking for tens of millions of dollars in ransom. While CDK is working to get services back up and running, the process is estimated to take several days, impacting dealerships like AutoNation and Peer Lithia Motors.
The cyberattack on CDK prompted the company to shut down most of its systems “out of an abundance of caution.” CDK has a three-tiered cybersecurity strategy in place and works with over 15,000 retail locations nationwide. CDK started a restoration process that was expected to take several days to complete.
An eastern European cybercrime group is claiming responsibility for the attack and is demanding tens of millions of dollars in ransom. CDK reportedly intends to pay the ransom, but negotiations could evolve.
