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CDK hack shows SEC disclosure standards are unsettled

ID: b48740f5-449f-5731-9e9a-6694b451f041

STIX ID: report--b48740f5-449f-5731-9e9a-6694b451f041

Feed Name: CyberScoop

Threat Score
75/100

Date Published: 2024-07-16

Date Updated: 2026-04-21

Author: Tim Starks

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**Executive summary:** A ransomware attack on CDK Global disrupted software used by approximately 15,000 auto dealerships, caused weeks-long operational impacts for downstream dealers, and reportedly involved a nearly $25 million ransom payment by parent Brookfield Business Partners; the article emphasizes the aftermath and legal/SEC disclosure debates over whether the incident was "material" for publicly traded entities.

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