"CDK Cyberattack Costs AutoNation and Car Dealers Over $1 Billion"
TL;DR
CDK, a company managing financial transactions for 15,000 U.S. car dealers, paid a $25 million ransom in Bitcoin to end a two-week cyberattack by the BlackSuit ransomware group. The attack severely disrupted car sales and forced dealers to revert to manual processes.
- The massive car dealership cyberattack has ended with a $25 million ransom Quartz
- AutoNation warns CDK Global hack to hit second quarter earnings Yahoo Finance
- CDK cyberattack expected to cost car dealers more than $1 billion, Michigan study says Detroit Free Press
- AutoNation says CDK outage will hurt its second-quarter bottom line Fox Business
- AutoNation issues profit warning after disruptions from CDK cyberattack MarketWatch
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