Crypto News

The Cyberattack The cyberattack on CDK Global was initiated by a ransomware group known as “REvil” or “Sodinokibi”. The group gained access to CDK Global’s network and encrypted their files, demanding a ransom in Bitcoin in exchange for the decryption key. This type of attack is becoming increasingly common in the cryptocurrency world, with many large companies and organizations falling victim to these types of cyberattacks. The Payment After negotiations between CDK Global and the hackers, it was revealed that the company paid approximately $25 million worth of Bitcoin to regain control of their network and decrypt their files. This is a significant amount of money, even in the volatile world of cryptocurrency. The decision to pay the ransom is a controversial one, with many experts arguing that it only encourages more attacks in the future. The Impact The cyberattack on CDK Global has raised concerns about the vulnerability of the automotive industry to cyber threats. With mo...