The recent cyberattack on CDK Global has severely impacted Michigan car dealerships, with the company now confirming it as a ransom event. Hackers have demanded a ransom to restore the dealer management system, leaving clients unable to conduct business. CDK is working to restore its systems, cautioning dealerships about phishing scams posing as the company. The hackers are demanding millions in ransom, with CDK reportedly planning to pay. Car dealers are resorting to manual methods, causing delays in business operations. Ransomware attacks are increasing, affecting various entities across the U.S. and private sector companies. Experts suggest banning ransom payments to deter cybercrime. The U.S. Department of State is offering rewards for information on ransomware gangs. The impact of the CDK cyberattack highlights the urgent need for cybersecurity measures to protect businesses from such threats.