Source: Reuters
“Retail technology and software provider CDK Global has begun work to restore systems used by over 15,000 retail locations across North America, the company said in a statement on Sunday, adding that it expects the process to take ‘several days.’ … Bloomberg News had previously reported that a group of hackers claiming responsibility for a cyberattack on CDK’s software systems has demanded millions of dollars in ransom to put an end to the hack. Investment firm Brookfield Business Partners bought CDK in April 2022 for $6.41 billion, taking the last major publicly traded provider of software to auto dealers and manufacturers private.” (06/23/24)