Recent reports show American car dealers face potential losses nearing $1 billion due to an ongoing cyberattack on software provider CDK Global. Mandiant Consulting CTO, Charles Carmakal, joined CBS News to provide insights on how organizations respond to these types of attacks, and actions they can take to help shore up security. Charles also shares some trends around ransomware and extortion attacks. Read our recent research for a deeper look at ransomware activity, which surged in 2023 over 2022 → https://bit.ly/3VNFwhj #CyberAttack #Ransomware
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Charles Carmakal, CTO of Mandiant (part of Google Cloud), recently shared his insights on the CDK Global cyberattack with John Dickerson of CBS News, which has led to nearly $1 billion in losses. Although several intrusion methods can be used in cyber attacks, phishing remains the most common tactic, including with malware and ransomware incidents. To enhance current defenses against phishing, it's crucial to consider domain security, DNS, and brand protection strategies. These measures are also effective against copy-cat phishing attacks like the ones currently targeting dealers through CDK Global brand impersonation. Check out some of CSC Digital Brand Services' best practices in this area: 1. The Glaring Gap in Your Cybersecurity Posture: Domain Security (Ihab Shraim): https://lnkd.in/eA_QZD-d 2. How to Reduce the Risk of Web Domain Attacks: https://lnkd.in/euehXPrP
Recent reports show American car dealers face potential losses nearing $1 billion due to an ongoing cyberattack on software provider CDK Global. Mandiant Consulting CTO, Charles Carmakal, joined CBS News to provide insights on how organizations respond to these types of attacks, and actions they can take to help shore up security. Charles also shares some trends around ransomware and extortion attacks. Read our recent research for a deeper look at ransomware activity, which surged in 2023 over 2022 → https://bit.ly/3VNFwhj #CyberAttack #Ransomware
CDK Global cyberattack still crippling car dealers
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We can never say it enough: “Your cyber security is a priority”. In the US, thousands of car dealerships came back with pencils and paper to manage their business because of a massive attack on the traditional ERP system used in the car dealership industry… Tip : prepare your team to the worst by running cyber security exercise https://lnkd.in/emNXagUy
What to know about the CDK Global cyberattack disrupting car dealers
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Once again, we are reminded of human resilience when facing challenges. From a pandemic to cyber attacks, we adapt and overcome. Let's focus on refining existing solutions rather than starting from scratch. Innovation lies in enhancing what we already have. #Resilience #Innovation #Adaptability
Detroit Auto Dealers Association president on CDK hack: We can handle this for a few more days
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CDK Global Cyber Attack: The recent cyber attack on CDK Global has impacted various aspects of car dealerships, affecting not only the purchasing process but also service departments. This situation is quite concerning as it has disrupted multiple dealership operations. The widespread impact across different departments underscores the severity of the situation. I have an idea who is behind this hack. Do you? I suppose time will tell.......... #cdkglobal #cyberattack #cardealerships #cybersecurity #hacks
CDK Global Says Cyberattacks have knocked out systems for auto dealers
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Cyber Attack: CDK Global Attack Disrupts Over 15,000 Auto Dealers Across the U.S. #datasecurity #bellatorcyber #bellatorcyberguard #CyberSecurity #cybercrime #dataprotection #ITSecurity #securityawareness #cyberrisk #cyberthreat #cyberattack https://lnkd.in/eDyCcGZV
CDK Global Cyberattack Impacts Thousands of US Car Dealerships
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A few months back, Triden Group collaborated with local auto dealerships to address the rising concerns around cyber attacks. Many dealerships have consolidated their cybersecurity and business application services, potentially exposing themselves to vulnerabilities. Protecting your business from cyber threats is not a matter of timing but a proactive necessity. It requires a partner that offers round-the-clock support every day of the year. Having close connections in the automotive industry, I've witnessed the repercussions of cyber incidents on payrolls and critical systems. These events can significantly impact a company's reputation and operations. Preparation is paramount. Whether partnering with Triden Group or another trusted entity, staying vigilant is crucial to safeguarding your business. #cybersecuritybestpractices #tridengroupcanhelp Read more about recent cyber attacks on dealerships: https://lnkd.in/giD9BFdh
3 ways the CDK cyberattack is affecting car buyers
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The automotive industry is still reeling from a huge CDK Global cyberattack, impacting tens of thousands of auto dealers and hundreds of thousands of workers. This isn't just a tech issue—it's reshaping the entire industry and could affect the economy in major ways! Watch now to stay informed: https://lnkd.in/emE4qacU #Cybersecurity #CDKGlobal #AutoIndustry #CyberAttack #EconomicImpact #AutoDealerships
CDK Global Cyberattack Update: Impact on Auto Dealers & The Economy
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A digitally connected world helps businesses of all kinds grow together... It also creates opportunities for malicious actors to connect to those businesses. There’s no better recent example of this than last month's cyberattack that led to extended downtime for automobile dealer management system CDK Global, causing a severe ripple effect across the American automotive industry. The good news? You don't have to prepare for these types of events alone as a business leader! Check back tomorrow for our latest blog post from our technology services team about threat detection and response solutions. Get read to level up your preparedness for ransomware attacks like the CDK hack and other cyber incidents. #BeALighthouse #Technology #Cybersecurity
Car dealerships still struggling from impact of CDK cyberattack 2 weeks after hack
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The automotive industry is still reeling from a huge CDK Global cyberattack, impacting tens of thousands of auto dealers and hundreds of thousands of workers. This isn't just a tech issue—it's reshaping the entire industry and could affect the economy in major ways! Watch now to stay informed: https://lnkd.in/etMp-FdK #Cybersecurity #CDKGlobal #AutoIndustry #CyberAttack #EconomicImpact #AutoDealerships
CDK Global Cyberattack Update: Impact on Auto Dealers & The Economy
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The car dealership industry in the US, which generated over $1.2 trillion in sales last year, is grappling with a significant challenge: debilitating cyberattacks. Diana Lee, CEO of Constellation, a marketing technology and data intelligence company, recently discussed the severe impact of these cyberattacks on the industry with Ed Ludlow on "Bloomberg Technology." Lee highlighted how these attacks are not just disrupting operations but also undermining consumer trust and causing substantial financial losses. #CyberSecurity #CarDealerships #TechNews #BloombergTechnology ---------------------- Learn more here: https://lnkd.in/e5cjTqci
Car Dealer Chaos Arises From Cyberattack on $1.2T Market
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