July 12, 2024 at 07:58PM
CDK Global faced a ransomware attack leading to a reported $25 million Bitcoin ransom payment. Services were restored to US car dealerships after a two-week outage. The ransom payment was made to the BlackSuit ransomware operators. The financial impact exceeded the ransom and unresolved issues persist. CDK has not provided further comments.
From the meeting notes, the key takeaways are:
1. CDK Global paid a $25 million ransom in Bitcoin to restore services after a ransomware attack caused a two-week outage for car dealerships across the US.
2. The ransom was reportedly paid two days after the attack to prevent the leak of stolen data and restore service, although the exact method of restoration is unknown.
3. The cyber incident caused industry-wide financial damage estimated to be over $600 million, significantly surpassing the ransom amount.
4. Sonic Automotive, one of the affected companies, reported ongoing issues with certain systems and applications, indicating that the situation may not yet be fully resolved.
These are the key points extracted from the meeting notes. Let me know if there’s anything else you need assistance with.