• 15K Car Dealerships Shutdown By Ransomware

  • Jun 24 2024
  • Length: 16 mins
  • Podcast

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15K Car Dealerships Shutdown By Ransomware

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  • A software company called CDK was hacked, causing 15,000 car dealerships across North America to be crippled. The dealerships relied on CDK's software for various operations, including car sales and maintenance. Some dealerships had to resort to pen and paper, while others were unable to perform any tasks. The attack had a significant impact on the auto industry, which made $1.2 trillion in US sales last year. CDK may be considering paying tens of millions of dollars in ransom to get their systems back online. The attack highlights the vulnerability of relying on a single software system and the importance of cybersecurity. Article: Software company plans to pay tens of millions in ransom to hackers who crippled car dealerships across North America https://fortune.com/2024/06/22/cdk-ransomware-attack-payment-hackers-tens-millions-car-dealerships/?fbclid=IwZXh0bgNhZW0CMTAAAR0_fKavbGHuRkY00NWXOFTjWJS9wQOmOvLEr2LnRVcpdnHLSWKFkDMKx_w_aem_5kYVNN1IGftjtBwEY55iwA Please LISTEN 🎧 LIKE 👍🏿 and SHARE ❤️ Thanks! Socials: Website - https://www.heroesmediagroup.com/shows/the-other-side-of-the-firewall/ Audio - https://podcasts.apple.com/us/podcast/the-other-side-of-the-firewall/id1542479181 YouTube - https://www.youtube.com/@theothersideofthefirewall7511 Facebook - https://www.facebook.com/profile.php?id=61556539026086 Instagram - https://www.instagram.com/theothersideofthefw X (Twitter) - https://twitter.com/Ask_a_CISSP TikTok - https://www.tiktok.com/@ryanwilliams683 Medium - https://medium.com/@ryanwilliamssenior Subscribe to LinkedIn Newsletter - https://www.linkedin.com/build-relation/newsletter-follow?entityUrn=7172626552545865728 LinkedIn - https://www.linkedin.com/company/the-other-side-of-the-firewall/ Ryan on Twitter, LinkedIn, Clubhouse, and Threads - @ryrysecurityguy Chris on LinkedIn - https://www.linkedin.com/in/chrisabacon/ Daniel on LinkedIn - https://www.linkedin.com/in/daniel-acevedo-3a8b641b/ Chapters 00:00 Introduction 02:32 Impact on the automotive industry 06:33 Lack of pen and paper skills 09:50 Likelihood of future attacks 14:07 Impact on end-of-quarter reporting 15:20 Conclusion and call to action #cybersecurity #cdk #ransomware
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