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CDK Global’s $25M Bitcoin Ransom: A Car Dealership Nightmare
CDK Global paid a $25 million Bitcoin ransom after a ransomware attack crippled its servers, causing chaos for 15,000 US car dealerships. The two-week outage led to $600 million in damages.
Hot Take:
When life gives you ransomware, apparently you pay $25 million in Bitcoin and call it a day. Who knew the key to unlocking car dealership chaos was buried in cryptocurrency?
Key Points:
- CDK Global reportedly paid a $25 million ransom in Bitcoin to restore services.
- The ransomware attack caused a two-week outage for up to 15,000 car dealerships.
- Crypto forensics firm TRM Labs identified the transaction linked to the BlackSuit ransomware group.
- Industry-wide damages from the incident are estimated to be over $600 million.
- Some systems and third-party applications are still offline as investigations continue.
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