CDK Global Cyberattack: Auto Dealers Software Hacked, Ransom Demanded

The recent cyberattack on CDK Global, a leading provider of software to car dealerships, has sent shockwaves through the auto industry. The attack led to the shutdown of computer systems at auto dealers nationwide, causing disruptions that are likely to negatively impact business.

CDK Global, which offers cloud-based software to help dealerships manage vehicle acquisitions, sales, financing, repairs, and maintenance, was hit by back-to-back cyberattacks. The hackers, reportedly an eastern European cybercrime group, are demanding tens of millions of dollars in ransom, according to Bloomberg.

Auto dealers including AutoNation and Peer Lithia Motors have experienced disruptions and some have resorted to using paper methods to conduct business. CDK has stated that the restoration process will take several days, leaving dealerships in limbo as they wait for their systems to be back up and running.

The attack on CDK Global highlights the growing threat of cybercrime in the digital age and the importance of robust cybersecurity measures. As negotiations with the hackers continue, the auto industry is left grappling with the aftermath of this unprecedented attack. Stay tuned for more updates on this developing story.