Current:Home > InvestCDK Global: Restoration underway after auto dealer software supplier hacked -Thrive Capital Insights
CDK Global: Restoration underway after auto dealer software supplier hacked
View
Date:2025-04-15 01:22:39
After a cyberattack at CDK Global led to the shutdown of computer systems at auto dealers nationwide, the company said it has begun work to restore systems.
CDK, which provides software to car dealerships, shut down operations Wednesday after back-to-back cyberattacks. Bloomberg reported a group claiming to be the hackers is asking for tens of millions of dollars in ransom.
While work is underway to get services back up and running, CDK estimates the process will take several days.
Auto dealers including AutoNation and Peer Lithia Motors said they have experienced disruptions that are likely to negatively impact business, Reuters reported Monday. Some dealerships have reverted to paper methods to conduct business.
USA TODAY reached out to CDK for an update Monday.
More:New car inventory and prices: What shoppers need to know
Hackers targeted CDK Global car dealer management system
The cyberattack on CDK was first reported Wednesday, prompting the company to shut down most of its systems "out of an abundance of caution," a CDK spokesperson previously told USA TODAY.
CDK restored some systems that afternoon, but another cyberattack later that evening prompted the company to take the systems offline once again, according to a letter sent to customers.
The work to completely restore the software is expected to take several days.
What is CDK Global?
One of the leading providers of cloud-based software to dealerships in the country, CDK's software helps dealerships manage vehicle acquisitions, sales, financing, insuring, repairs and maintenance. The company's website says it offers a “three-tiered cybersecurity strategy to prevent, protect and respond to cyberattacks.”
CDK works with more than 15,000 retail locations nationwide, according to its website.
Is CDK still down?
CDK did not immediately respond to USA TODAY's request for an update Monday on how many businesses were impacted and if any have been restored.
However, CDK started a restoration process Saturday that was expected to take "several days" to complete, according to a company spokesperson.
CDK hackers asked for millions in ransom: reports
An eastern European cybercrime group is claiming to be behind the attack, according to Bloomberg. CDK reportedly intends to pay the tens of millions of dollars they are demanding, but negotiations could evolve, according to Bloomberg.
veryGood! (67)
Related
- Billy Bean was an LGBTQ advocate and one of baseball's great heroes
- 70 Facts About Oprah Winfrey That Are Almost as Iconic as the Mogul Herself
- Taking away Trump’s business empire would stand alone under New York fraud law
- Apparent Israeli strike on area of Syrian capital where Iran-backed fighters operate kills 2 people
- NCAA President Charlie Baker would be 'shocked' if women's tournament revenue units isn't passed
- How was fugitive Kaitlin Armstrong caught? She answered U.S. Marshals' ad for a yoga instructor
- Morpheus8 Review: Breaking Down Kim Kardashian's Go-To Skin-Tightening Treatment
- Who is playing in Super Bowl 58? What to know about Kansas City Chiefs vs San Francisco 49ers
- Sam Taylor
- 14-year-old arrested for fatal shooting of 2 Wichita teens
Ranking
- Illinois Gov. Pritzker calls for sheriff to resign after Sonya Massey shooting
- Iran launches 3 satellites into space that are part of a Western-criticized program as tensions rise
- Finland’s presidential election runoff to feature former prime minister and ex-top diplomat
- Super Bowl-bound: Kansas City Chiefs' six-step plan to upsetting the Baltimore Ravens
- Tony Hawk drops in on Paris skateboarding and pushes for more styles of sport in LA 2028
- Suddenly unemployed in your 50s? What to do about insurance, savings and retirement.
- 'American Fiction,' 'Poor Things' get box-office boost from Oscar nominations
- Kate, princess of Wales, is discharged from London hospital after abdominal surgery
Recommendation
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
NFL schedule today: Everything to know about playoff games on Jan. 28
2 are in custody in Mississippi after baby girl is found abandoned behind dumpsters
High-ranking Orthodox prelate warns against spread of antisemitism by religious officials
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Demand for minerals sparks fear of mining abuses on Indigenous peoples' lands
Takeaways from the AP’s investigation into how US prison labor supports many popular food brands
Bayley, Cody Rhodes win WWE Royal Rumble 2024. What does that mean for WrestleMania 40?