The car sales industry in North America ground to a halt in mid-June after sophisticated cybercriminals took down CDK Global, the software provider with a near-monopoly on the industry. It caused chaos in the middle of one of the biggest seasons for car-buying. Dealers couldn’t access their inventory. Buyers couldn’t get cars off the lot. And customers feared for their personal data.

On today’s Big Take podcast, Bloomberg senior technology editor Dana Wollman and host Sarah Holder discuss what getting back to normal for dealerships might look like, how the group of hackers behind the shutdown operate, and why industries that rely on centralized software systems — from education to healthcare — are vulnerable.  

Read more: BlackSuit Cybercrime Gang Blamed in CDK Hack That Roiled Car Dealers

The car sales industry in North America ground to a halt in mid-June after sophisticated cybercriminals took down CDK Global, the software provider with a near-monopoly on the industry. It caused chaos in the middle of one of the biggest seasons for car-buying. Dealers couldn’t access their inventory. Buyers couldn’t get cars off the lot. And customers feared for their personal data.
On today’s Big Take podcast, Bloomberg senior technology editor Dana Wollman and host Sarah Holder discuss what getting back to normal for dealerships might look like, how the group of hackers behind the shutdown operate, and why industries that rely on centralized software systems — from education to healthcare — are vulnerable.  
Read more: <a href="https://www.bloomberg.com/news/articles/2024-06-24/blacksuit-cybercrime-gang-blamed-in-major-cdk-ransomware-attack?srnd=undefined&amp;sref=ndQeXqOs">BlackSuit Cybercrime Gang Blamed in CDK Hack That Roiled Car Dealers</a>

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

How Hackers Held the Car Industry Hostage

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7568c7fa-0537-479a-8bcc-b1a201451a35/transcript

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