China Spy Hack on US Officials Triggers Investigations: Microsoft's Security Practices Under Fire as Demands for Transparency Grow
Portfolio Pulse from Anusuya Lahiri
Microsoft Corp (NASDAQ:MSFT) is under scrutiny over a security breach that allowed Chinese hackers to spy on top Biden administration officials. The breach is believed to be worse than initially thought, compromising the unclassified Microsoft email inboxes of senior State Department officials, Commerce Secretary Gina Raimondo, and others. Senator Ron Wyden has requested three separate federal probes into Microsoft's alleged negligent cybersecurity practices. The hack has affected more than two dozen organizations globally, with fewer than ten organizations compromised in the U.S.

July 28, 2023 | 11:48 am
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Microsoft is under scrutiny for a security breach that allowed Chinese hackers to spy on top US officials. The breach has led to calls for federal investigations into the company's cybersecurity practices.
The news of the security breach and the subsequent calls for federal investigations into Microsoft's cybersecurity practices could negatively impact the company's reputation and investor confidence, potentially leading to a short-term decrease in the company's stock price.
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