Priya Patel
TLDR:
– CDK Global, a software provider for auto dealerships, was hacked and is facing a ransom demand
– The restoration of the affected systems is expected to take several days
Work is underway to restore systems used by 15,000 auto dealerships across North America following a cyber hack and ransom demand targeting CDK Global. The hackers, believed to be based in eastern Europe, are demanding a significant ransom, with CDK Global currently considering paying it. The company has shut down most systems as a precaution, impacting dealership operations and forcing some to resort to manual paperwork for processing. The restoration process is expected to take several days, causing disruptions for dealerships nationwide. CDK Global’s cybersecurity strategy is under scrutiny as the company works to respond to the cyberattack. CDK Global works with thousands of retail locations and is a key provider of cloud-based software for dealership operations.
