CDK Global's Response to Cyberattack: Paying the Price to Safeguard Operations

Friday, 12 July 2024, 11:48

CDK Global, a key player in supporting U.S. car dealerships, reportedly paid a substantial $25 million ransom to counter a cyberattack. The decision highlights the critical nature of cybersecurity in maintaining business continuity and the potential risks companies are willing to take to protect their operations.

CDK Global Resolves Auto Dealer Outage

CDK Global, a software provider for car dealerships in the U.S., undertakes a decisive move to mitigate a cyber disruption.

Paying $25 Million Ransom for Resolution

The company's reported payment of a hefty ransom draws attention to the escalating threats of cybercrime in the business sector.

Highlight: CDK Global acknowledged the significant $25 million payment in response to the critical incident.

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.