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Benzinga
  • 2 years ago
CDK Global, a leading software provider to car dealerships, has seen continued outages of its core systems following a cyberattack and ransom demand by an eastern European hacking group. The outages have significantly impacted dealerships' ability to process vehicle sales, repairs, and other operations. The hacking group is demanding tens of millions of dollars in ransom from CDK Global to restore systems. CDK Global software is used by over 15,000 retail auto locations nationwide to manage key dealership operations.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:03CDK Global, a leading provider of software to car dealerships, has seen continued outages
00:08of its core systems following a cyber attack and ransom demand by an Eastern European hacking
00:13group.
00:14The outages have significantly impacted dealerships' ability to process vehicle sales, repairs,
00:19and other operations.
00:20The hacking group is demanding tens of millions of dollars in ransom from CDK Global to restore
00:25systems.
00:26CDK Global software is used by over 15,000 retail auto locations nationwide to manage
00:32key dealership operations.
00:33For all things money, visit Benzinga.com.
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