Just last month, the cybercrime group, BlackSuit, claimed responsibility for recent ransomware attacks on CDK Global, a large SaaS vendor of Dealer Management Software (DMS) to auto retailers in the US and Canada. DMS enables auto dealers’ payroll, inventory, and customer and office operations and auto retailers use the software to add value, uniting consumers with financing and insurance options. The June 18 and 19 attacks forced CDK Global to shut its DMS software down, affecting 15,000 auto retailers. The attack resulted in delays in delivering cars to customers and parts for repairs as the CDK hack slowed or closed many stores with BlackSuit demanding tens of millions of dollars to end the onslaught.
29% Increase In Ransomware In Q1 2024
Recent statistics from KnowBe4 show a 29% increase in ransomware in Q1 2024 compared to Q1 2023 and Blackberry reports a 40% increase in new malware used in cyberattacks. KnowBe4 also highlighted that the global cost of ransomware continues to soar. Furthermore, a sneak preview from the ThreatQuotient State of Cybersecurity Automation Adoption Research Report, which will be launched later in the year, shows that ransomware was one of the top three common attack vectors targeting organizations along with phishing attacks and cyber-physical attacks as the other two top vectors cited by respondents.
