Tag: #DataBreach
CDK Global, a leading provider of automotive dealer management software, has been paralyzed by a severe cyberattack for the third straight day, crippling operations for approximately 15,000 auto dealerships across the U.S. This outage is severely impacting auto dealerships that rely on CDK Global’s systems to manage their sales and services operations. The disruption has […]
Data Breach Leads to Extortion Attempts A recent cyberattack targeting users of Snowflake, a cloud-based data analytics company, has entered a critical phase. Hackers are demanding ransom payments ranging from $300,000 to a staggering $5 million from affected companies. This information comes from a security firm, Mandiant, which is assisting Snowflake in its investigation. Exploiting […]
Microsoft is making cybersecurity a key factor in executive compensation. In a move designed to strengthen its security posture, the company announced that starting in fiscal year 2025 (beginning July 1st, 2024), one-third of senior executives’ annual bonuses tied to “individual performance” will be directly linked to their cybersecurity efforts. This decision comes after criticism […]