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Stock impact report

Biden review board blames Microsoft for China hack that targeted US officials: 'Cascade of avoidable errors' [FOX Business Network]

SolarWinds Corporation (SWI) 
Last solarwinds corporation earnings: 4/30 04:05 pm Check Earnings Report
The Cyber Safety Review Board (CSRB) has released a damning report on Tuesday that claimed serious errors by Microsoft allowed a Chinese hack that targeted the emails of top U.S. government officials. The report, released by the U.S. Department of Homeland Security, came after an independent review of the Summer 2023 Microsoft Exchange Online intrusion. This is the third review the CSRB has completed since President Biden mandated the Board through an executive order in February 2022. The CSRB determined that Microsoft could have prevented Storm-0558's hack, a nefarious group affiliated with the People's Republic of China. They pointed to several operational and strategic decisions that underscored a corporate culture that failed to prioritize security and risk management. The State Department detected the breach last June. It was discovered because the agency was paying for a higher-tier service that showed audit logs, which revealed that the hackers had obtained around 60,0 Show less Read more
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