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  • 2 months ago
Microsoft revealed a cyberattack on SharePoint Server on July 18th, with hackers linked to China exploiting vulnerabilities, according to Barron's. Among the breached agencies were the Department of Homeland Security, the National Institutes of Health, and the National Nuclear Security Administration, which manages the U.S. nuclear arsenal. Microsoft stock rose 0.4% between July 17th and July 26th, despite the alarming nature of the attacks. Analysts attribute the muted reaction to investor desensitization and Microsoft’s strong track record in responding to cybersecurity threats. Experts noted the attacks affected on-premise systems, reinforcing Microsoft’s cloud migration strategy. With fiscal fourth-quarter earnings due July 30, investors remain focused on Microsoft’s AI and Azure segments.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Microsoft revealed a cyber attack on SharePoint's server on July 18th,
00:06with hackers linked to China exploiting vulnerabilities, according to Barron's.
00:09Among the breach agencies were the Department of Homeland Security,
00:12the National Institutes of Health, and the National Nuclear Security Administration,
00:16which manages the U.S. nuclear arsenal.
00:18Microsoft's stock rose 0.4% between July 17th and July 26th,
00:22despite the alarming nature of the attacks.
00:25Analysts attribute the muted reaction to investor desensitization,
00:28and Microsoft's strong threat record in responding to cybersecurity threats.
00:33Experts noted the attacks affected on-premise systems,
00:36reinforcing Microsoft's cloud migration strategy.
00:38With fiscal fourth quarter earnings due July 30th,
00:41investors remained focused on Microsoft's AI and Azure A segments.
00:44For all things money, visit Benzinga.com.
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