Security News
One of the US's largest car dealerships says the IT outage caused by CDK Global's June ransomware attack cost it approximately $30 million. Sonic Automotive filed a Form 8-K with the Securities and Exchange Commission on Monday alongside the release of its quarterly financials, confirming that like its rivals, it too was materially affected by the incident at CDK. Of the total $30 million drop in pre-tax GAAP income, $11.6 million of that related to additional compensation paid to staff, and possibly external contractors, who helped to handle the outage, it said.
CDK Global reportedly paid a $25 million ransom in Bitcoin after its servers were knocked offline by crippling ransomware. Last week, CDK restored services to car dealerships across the US after a two-week outage caused by a "Cyber incident" that looked a lot like a ransomware infection.
CDK Global says that its dealer management system, impacted by a massive IT outage following a June 18th ransomware attack, will be back online by Thursday for all car dealerships. "We are continuing our phased approach to the restoration process and are rapidly bringing dealers live on the Dealer Management System," CDK spokesperson Lisa Finney told BleepingComputer.
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The rise of SaaS security teamsIn this Help Net Security interview, Hillary Baron, Senior Technical Director for Research at CSA, highlights that the recent surge in organizations establishing dedicated SaaS security teams is driven by significant data breaches involving widely used platforms. Enhancing security through collaboration with the open-source communityIn this Help Net Security interview, Alan DeKok, CEO at NetworkRADIUS, discusses the need for due diligence in selecting and maintaining open-source tools, and brings out the potential risks and benefits of collaborating with the open-source community to enhance software security.
The BlackSuit ransomware gang is behind CDK Global's massive IT outage and disruption to car dealerships across North America, according to multiple sources familiar with the matter. The same sources, who provided information on condition of anonymity, told BleepingComputer that CDK is currently negotiating with the ransomware gang to receive a decryptor and not leak stolen data.
CDK Global has cautioned customers about unscrupulous actors calling them and posing as CDK agents or affiliates to gain unauthorized systems access. Just as the company was recovering from the ongoing cyberattack, it experienced a second cyberattack on Wednesday, June 19th. As a result of multiple attacks, CDK is acting out of caution and has stated that its "Customer Care channels for support remain unavailable as a precautionary measure to maintain security."
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Car dealership SaaS platform CDK Global suffered an additional breach Wednesday night as it was starting to restore systems shut down in an previous cyberattack. CDK Global is a software-as-a-service platform that provides a full suite of applications to handle a car dealership's operation, including sales, back office, financing, inventory, and service and support.
CDK Global, a software-as-a-service provider for car dealers and auto equipment manufacturers, has suffered a cyberattack that has temporarily disrupted its customers' operations. CDK's platform is used by 15,000+ car dealerships across North America to manage their sales, customer relationships, financing, inventory, customer support, and other aspects of their day-to-day operations.