CDK Pays $25 Million Crypto Ransom to End Technical Outage in Car Sales

Friday, 12 July 2024, 15:20

In a recent event, CDK Global paid a hefty $25 million ransom in cryptocurrency to resolve a disrupting ransomware attack that affected car sales nationwide. This incident sheds light on the rising threats of cybercrimes targeting the automotive industry, highlighting the need for robust cybersecurity measures and risk management strategies moving forward.
TechRadar
CDK Pays $25 Million Crypto Ransom to End Technical Outage in Car Sales

CDK Pays $25 Million Crypto Ransom to End Outage

Rising Threat of Cybercrimes in the Automotive Industry

  • CDK Global made a significant payment of $25 million in cryptocurrency to resolve a ransomware attack.
  • The attack had a disruptive impact on car sales across the US, emphasizing vulnerabilities in the sector.
  • Robust cybersecurity measures and diligent risk management strategies are crucial for protecting against future attacks.

This incident highlights the importance of fortifying cyber defenses and prioritizing security investments in the face of evolving cyber threats within the automotive industry.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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