CDK Global Hit by Ransomware Attack, Demanding Tens of Millions in Ransom

A group has claimed responsibility for the cyberattack on software company CDK Global, demanding tens of millions of dollars in ransom, according to a Bloomberg report. CDK, a leading provider of cloud-based software to car dealerships in North America, has stated they intend to pay, but discussions remain fluid. The hackers are believed to be based in Eastern Europe.

"Out of continued caution and to protect our customers, we are once again proactively shutting down most of our systems," - CDK in a letter to customers.

Impact of the Cyberattack

The cyber outage has entered its third day, affecting software management tools and disrupting operations at car dealerships across the US. CDK shut down its systems on Wednesday, restoring some later that day, only to shut them down again following another attack. The company has not provided an estimated timeframe for resolution.

About CDK Global

CDK Global works with over 15,000 retail locations across North America, offering cloud-based software that manages various dealership processes from vehicle acquisitions to repairs. Despite advertising a "three-tiered cybersecurity strategy", the company has fallen victim to a significant attack, highlighting the growing sophistication and audacity of hacker groups.