Qantas Execs Get Bonus Cut: Cyber Breach Crashes the Party!
Qantas cuts executive bonuses by 15% after a cyberattack exposed data of 5.7 million people. Despite a hefty $1.5 billion profit last year, executives may now need to reconsider their frequent flyer status. Next time, they might want to secure more than just their first-class seats.
Hot Take:
In a twist that feels like something out of a corporate version of “The Great British Bake Off,” Qantas executives are swapping their full-sized bonus cakes for slightly smaller slices after a July cyberattack. Imagine the boardroom discussion: “We made a $1.5B profit, but let’s trim those bonuses because, you know, 5.7 million customers’ data went walkabout!” Clearly, nothing says ‘shared accountability’ like a 15% reduction in your dessert budget. At least they avoided compromising on meal preferences—because, heaven forbid, hackers find out who prefers fish over chicken on their next flight!
Key Points:
- Qantas cut executive bonuses by 15% after a July cyberattack exposed data of 5.7 million people.
- The breach involved a third-party platform used by a call center, linked to Scattered Spider activity.
- No financial data, passport details, passwords, or login credentials were compromised.
- Affected customers were informed, and Qantas engaged the Australian Federal Police.
- Despite a $1.5B profit, the Qantas board cited shared accountability for the bonus reduction.