Cyberattack on software company disrupts business at thousands of car dealerships
How does this incident relate to broader ransomware trends in the U.S.?
This incident highlights the increasing frequency and sophistication of ransomware attacks on U.S. businesses, with cybercriminals demanding higher ransoms. It also underscores the need for improved cybersecurity measures and a stronger focus on preventing such attacks, as they can cause significant economic and operational disruptions. The incident serves as a reminder of the growing threat ransomware poses to various sectors of the economy.
What is the name of the software company affected by cyberattacks?
The software company affected by cyberattacks is CDK Global, which provides internal software systems for about 15,000 different car dealerships in America and Canada2. The company was forced to take down its services as a precaution, which has caused significant delays and inconveniences for customers.
Did the cyberattacks involve ransom demands from the hackers?
Yes, the cyberattacks involved ransom demands from the hackers. CDK Global, the software company that was targeted, provides internal software systems for around 15,000 car dealerships in the US and Canada. The exact details of the ransom demands have not been disclosed, but it is believed that millions of dollars were demanded by the attackers.