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Hackers publish Boeing data after ransom

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Lockbit hackers have followed through on their threat to release sensitive Boeing data after the aerospace giant refused to pay a ransom.

The breach, which occurred several weeks ago, put Boeing’s confidential information at risk, including proprietary designs, manufacturing processes, and customer data.

Boeing, a leading player in the aerospace industry, initially discovered the breach when it detected unusual activity on its internal networks.

The company quickly engaged cybersecurity experts to investigate the extent of the breach and to secure its systems. While Boeing claims that no customer data was compromised, the hackers managed to gain access to highly valuable intellectual property.

Lockbit, a notorious ransomware group, demanded a substantial ransom from Boeing in exchange for not disclosing the stolen data.

Boeing’s decision not to pay the ransom reflects a growing trend among organizations to resist such demands, fearing that paying would only encourage more cyberattacks. As a result, the hackers made good on their threat and published the data on the dark web.

The incident raises questions about the cybersecurity measures in place within large corporations like Boeing and the broader implications of refusing to negotiate with cybercriminals. It also underscores the persistent threat posed by ransomware groups and the need for robust cybersecurity practices.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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