Blacksuit Ransomware Attack Disrupts CDK Global and Car Dealerships Many dealerships had to revert to manual processes to continue operations, a method that is not only time-consuming but also prone to errors. https://lnkd.in/gDVavyNu
VICTORY’s Post
More Relevant Posts
-
Auto industry attack through CDK continues. Recent news from Bloomberg indicates that CDK is in the process of paying Blacksuit (the ransomware gang with roots going back to Conti and a predecesor know as the Royal ransomware gang that had hit the City of Dallas) after trying to recover and being hit with a second attack. "CDK is a software-as-a-service (SaaS) provider whose platform is used by car dealerships to run all aspects of its operation, including sales, financing, inventory, service, and back office functions. As the platform is now shut down, car dealerships have had to switch to pen and paper to conduct their operations, with BleepingComputer told by car buyers that they could not purchase a car due to the outage or receive service for existing cars." Car dealerships were reportedly further hit directly with members (presumably from Blacksuit) of the ransomware gang posing as CDK agents to assist with recovery of dealer sites. SAAS providers and anyone with cash on balance sheets is vulnerable especially when it can have direct effect on industry. As the geopolitical environment heats up it is anticipated that such attacks will continue. Contact #cyberleaf for specifics on how to mitigate such attacks to begin with "left of boom. https://lnkd.in/eZcjDPwF
CDK Global outage caused by BlackSuit ransomware attack
bleepingcomputer.com
To view or add a comment, sign in
-
2 x CCIE #48715 (Security, Data Center) & CISSP Certified with 14 Years of Network and 5 Years of Security experience.
In same month , here is second/another biggest ransomware attack/security data breach. Will be good to know how well is the software provider's security hygiene vs risk assessment etc. It seems to be repeatable pattern and will we see similar future security incident in other customers'/enterprise company. Feel free to comment ,like,forward and subscribe for more cybersecurity info/insight CDK Global, by far the biggest provider of dealer management software(Software As A Service) for the U.S. auto trade, has suffered two crippling hacks in the same week. The services are down again and its customers aren’t happy. Software company( name is CDK Global) plans to pay tens of millions in ransom to hackers who crippled car dealerships across North America Since CDK discovered the breach and shut off systems on June 19, chaos has ensued at many of the roughly 15,000 car dealerships that it counts as clients. CDK’s core product — a suite of software tools referred to as a dealership management system, or DMS — underpins virtually every element of auto retailers’ day-to-day business. So the outage hampered sales, interrupted repairs and delayed deliveries across an industry that topped $1.2 trillion in US sales last year. The disruptions also are hitting amid an end-of-quarter sales push. Thousands of car dealer/stores are highly reliant on CDK’s services to line up financing and insurance, manage inventory of vehicles and parts, and complete sales and repairs as well as critical dealership operations Ref to news URL for more details Software company( name is CDK Global) plans to pay tens of millions in ransom to hackers who crippled car dealerships across North America https://lnkd.in/g7fNhYX2 30,000 Dealerships Down — ‘Ransomware’ Outage Outrage no. 2 at CDK Global https://lnkd.in/gqcPEHvC #CyberSecurity #DataProtection #BusinessContinuity #formintiumit #formintiumtech #QiCyberCyberSecurity #5CyberCyberSecurity
Software company plans to pay tens of millions in ransom to hackers who crippled car dealerships across North America
fortune.com
To view or add a comment, sign in
-
Car dealerships across North America are facing ongoing disruptions as software provider CDK Global grapples with the aftermath of a cyberattack Wednesday. The company began restoring its systems Sunday, but the process is expected to take “several days.” The incident began last Wednesday when CDK shut down all its systems in response to what it described as a “cyber incident,” that impacted over 15,000 car dealerships across North America. Despite initial attempts to restore services, a secondary cyber incident on Wednesday evening caused further disruptions, necessitating another shutdown. CDK Global, which provides critical software to car dealerships, including sales platforms and dealer management systems, has left thousands of dealerships largely paralyzed. US auto retailers Sonic Automotive and Penske Automotive reported significant operational disruptions due to CDK’s ongoing outage, Bloomberg reported. The cyberattack has been linked to a group of hackers demanding millions of dollars in ransom to cease their activities, reported Bloomberg. Citing a person familiar with the development, the report said that CDK “intends to pay” the ransom. This incident underscores the critical need for robust cybersecurity measures to protect essential business operations. It also highlights the potential vulnerabilities in interconnected systems that can be exploited by malicious actors. Schedule a discovery call to learn the numerous ways we keep organizations proactive from a cybersecurity standpoint so they can remain secure, connected and productive. Don't fall victim to a cyberattack when we have the solution. https://lnkd.in/gpEtkaAT #comservconnect #manageditservices #voipservices #cybersecurity #networksecurity #dataprotection
Car dealerships face continued disruption as CDK works to restore hacked systems
csoonline.com
To view or add a comment, sign in
-
Multiple car dealers report disruptions to SEC due to cyberattack on software company. Why it matters: 1. The ransomware attack on software provider CDK Global disrupted operations at major car dealership companies across the U.S., illuminating the ripple effects such cybersecurity incidents can have on interconnected industries. 2. While dealer response plans mitigated immediate operational impact, the potential financial consequences remain in question, contingent on factors like service interruption duration and potential customer data exposure. 3. The ongoing negotiations between CDK Global and BlackSuit, the ransomware group responsible, could signify a growing trend of ransom payment to cyber criminals, raising ethical and security concerns about funding illegal activities and possibly incentivizing future attacks. Learn more by visiting The Record from Recorded Future News: https://lnkd.in/e-EXTs-e
Multiple car dealers report disruptions to SEC due to cyberattack on software company
therecord.media
To view or add a comment, sign in
-
Good insight, Andrew Correll, CPCU 🥪 🚨 CDK Global has experienced a cyberattack. With over 15,000 car dealerships relying on their services and thousands of employees nationwide, this incident underscores the critical need for robust cybersecurity measures and comprehensive Cyber Insurance policies in today’s tech-driven world. No industry is immune to cyber threats. Reach out to learn more about USI’s PrivaSafe, a unique Cyber Insurance solution tailored to your needs: 📧 shawn.rubin@usi.com #cyber #insurance #usioneadvantage
🥪Sandwich Artist (Ex-Subway) |🎙 Host of Beyond the Policy 🔍 | InsurTech ATX Organizer | ☁️ Currently dreaming up Innovations in Cyber Insurance
Bleeping Computer reports an ongoing cyber attack of CDK Global affecting 15,000+ auto dealerships across the US. For reference, there are about 20,000 auto dealerships total in the US (give or take) which makes this a widespread event. If you're a Cyber Insurer, even if you're not on the CDK tower, you may still have exposure to the incident via Contingent/Dependent Business Interruption coverage if you happen to insure one of the affected Dealerships. Reach out to me directly (via email or DM) if you need help from SecurityScorecard in determining the exposure of your book of auto dealerships to the CDK attack.
CDK Global cyberattack impacts thousands of US car dealerships
bleepingcomputer.com
To view or add a comment, sign in
-
Cyber attacks are on the rise! Do you know you can get a cyber insurance indication with just 6 pieces of information? Protect what matters most! Reach out for a quote today.
Vans owner’s order fulfillment operations hit by cyber incident #Vans #cyberrisks #riskmanagement https://bit.ly/3RN0mLp
Vans owner's order fulfillment operations hit by cyber incident - Business Insurance
businessinsurance.com
To view or add a comment, sign in
-
YouAttest for Identity Governance: Now SEC will be involved… shades of Solar Winds…. https://lnkd.in/gAqsQGuw “Lithia Motors, Group 1 Automotive, Penske and Sonic Automotive warned the U.S. Securities Exchange Commission (SEC) that they are all facing disruptions because CDK Global had to shut down its systems in response to the attack, which began last Tuesday. “ The CDK hack - that affected over 15,000 car dealers across North America - will result in discovery on CDK security practices. (Identity became front and center in the Solar Winds case - where identity statements in Forms S-1, 10-K and 10-Qs all became evidence for an indictment) https://lnkd.in/gaTw9SSG Know your identities, and privileges, w/ (now AI-powered) YouAttest.com, contact us: https://lnkd.in/g96pUae #ITSecurity #governance #cybersecurity #compliance #mspsecurity Cynthia Marcotte Stamer Karina Klever Marcus W. Greg Kutzbach, CISSP Michael Andrewes Paul Feather, CISA Peter Gailey Shannon Noonan Peter Schawacker DV Subramanyam Dronamraju Russell Tait David Gillies, CCSK v.4 Guy Fuller Raj Sawhney M.S. M.B.A. CISA CRISC CFE CIST CCSK CDPSE
Multiple car dealers report disruptions to SEC due to cyberattack on software company
therecord.media
To view or add a comment, sign in
-
Thousands of car dealerships across the US and Canada suffered widespread outages due to a cyber attack against automotive cloud services provider, CDK Global, potentially exacting millions of dollars in damages. In a new blog, we lay out the facts and provide tips on how car dealerships can reduce their exposure to future attacks. https://buff.ly/4c8ZHM5 #Raxis #cyberattack #CDKGlobal
Ongoing Cyber Attack Disrupts Car Dealerships | Raxis
https://raxis.com
To view or add a comment, sign in
-
On Wednesday, June 19th, over 15,000 auto dealerships around the US were disrupted by a cyber attack. With sales and operations software still impacted, this incident serves as a stark reminder of the potential consequences of cyber attacks in the automotive industry. Learn more about the attack and how to protect your business in this week's blog: https://hubs.ly/Q02D2jrb0
Ransomware Attack Impacts 15,000 Dealerships
blog.ecbm.com
To view or add a comment, sign in
-
This will particularly interest car dealership owners. Many dealerships are talking to the Oh-Tech team about the recent CDK ransomware attack that crippled dealerships across North America; it seems to be a painful reminder of the ever-present cyber threats facing the automotive industry. As reported by Fortune (https://lnkd.in/dBZ53nPv), hackers demanded tens of millions of dollars after compromising the global CDK DMS (dealership management system). This attack brought over 15,000 dealerships to a standstill, causing significant disruption to their operations. The CDK attack didn't affect UK dealerships, but the December 2022 ransomware incident at Arnold Clark, the UK's largest car dealership, serves as a reminder of the cyber threats facing dealerships here. (https://lnkd.in/eyjaF_Sy) As many of you know, we specialise in managed IT for car dealerships and can clearly see the risks you face: External system risks: In cases like the CDK attack, dealerships have no control over the security of their supplier's systems. We are currently discussing with our customers how to handle these risks in the light of the CDK situation, so please feel free to contact us and join the conversation. Data security concerns: Cybercriminals target dealerships for valuable customer information which can severely impact your reputation. Operational Disruption: Ransomware attacks can bring your entire business to a standstill, which is stressful and very expensive. Please don't wait for a crisis. If you are in any doubt that your IT team can manage increasing cyber risks and implement robust security measures, then Oh-Tech can help you: Conduct a thorough security audit to identify vulnerabilities in your IT infrastructure. Develop a comprehensive cybersecurity strategy to mitigate risks and protect your data. Implement and stay up to date with best practices for data security and disaster recovery. Protect your dealership and your customers. Contact Kyle Sharland at Oh-Tech for a free consultation. #cybersecurity #cardealerships #dataprivacy #CDK #ransomware
Software company plans to pay tens of millions in ransom to hackers who crippled car dealerships across North America
fortune.com
To view or add a comment, sign in