CDK Global Faces Ransomware Attack, Considers Paying Millions

CDK Global, a leading software provider for car dealerships, has been hit by a ransomware attack. The hackers, who have crippled the company’s dealer management system (DMS), are demanding tens of millions of dollars in ransom. The attack has left thousands of car dealerships across North America struggling to operate.

The cyberattack occurred on June 19th, and CDK Global has referred to it as a “ransom event”. The company has been working diligently to restore its systems and has warned its clients to be vigilant against phishing scams during this time. Despite the disruption, CDK Global has assured its clients that it is providing alternate ways to conduct business while its systems remain down.

Interestingly, the company is considering paying the ransom to expedite the restoration process. The hackers, believed to be the BlackSuit ransomware cartel, have reportedly demanded $10 million. However, rumors suggest that the demand has increased to $50 million over the weekend.

The attack has had a significant impact on the automotive industry, with some dealerships resorting to manual record-keeping. The incident highlights the increasing threat of ransomware attacks, which have targeted numerous entities, including hospitals, schools, and governments, in recent years. Experts suggest that banning the payment of ransoms could be a potential solution to curb such cybercrimes.

Read more: fortune.com