Microsoft Says Russian Hackers Stole Code After Spying On Top Executives: Attack Still 'Ongoing'
Portfolio Pulse from Rounak Jain
Microsoft Corp. (NASDAQ:MSFT) has reported an ongoing cyberattack by Russian state-sponsored hackers, known as Nobelium or 'Midnight Blizzard', who have stolen some of Microsoft's source code by spying on senior executives' email accounts. The attack, which is a continuation of the group's activities including the SolarWinds breach, has not compromised customer-facing systems, but Microsoft is taking measures to assist potentially affected customers.
March 08, 2024 | 3:16 pm
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Microsoft Corp. is currently experiencing an ongoing cyberattack by Russian hackers, leading to the theft of some source code. The company is actively working to mitigate the impact and assist affected customers.
The ongoing cyberattack on Microsoft by Russian hackers, resulting in the theft of source code, is likely to have a negative short-term impact on MSFT's stock price. The attack raises concerns about the security of Microsoft's systems and could potentially affect customer trust and the company's reputation. While the company has stated that customer-facing systems have not been compromised, the situation remains fluid, and the full extent of the impact is still being assessed. The negative sentiment generated by this news could lead to a decrease in stock price in the short term.
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