- The ransomware group linked to the cyberattack on CDK Global, the automotive dealership software company, received $25 million.
- According to blockchain security researchers, the group has received 387 Bitcoin (approximately $25 million).
In a development highlighting the dangers of ransomware operations, CDK Global, a software provider for car dealerships across the US and Canada, has reportedly paid a $25 million ransom to the BlackSuit ransomware group. This came about after a cyberattack disrupted operations. The cyber incident, which started in mid-June, affected approximately 15,000 auto dealerships across North America, resulting in significant financial losses and disrupted operations.
The Attack and Its Impact
The cyberattack started on June 19, 2024, with a breach of CDK Global’s systems. This resulted in software outages that paralyzed automobile dealerships nationwide. CDK Global scrambled to restore its systems following the attack, which took around two weeks.
Consequently, auto dealerships were forced to work with manual alternative processes, which resulted in major delays in sales and services, accounting for significant financial losses. According…
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