Fired IT Contractor Pleads Guilty to $862K Revenge Hack Amid . . . Fired IT contractor Maxwell Schultz pleaded guilty to hacking his former employer's systems, using a PowerShell script to reset 2,500 passwords and cause $862,000 in damages amid 2025 tech layoffs This insider threat highlights the need for robust offboarding and zero-trust security to prevent such retaliatory attacks
11 20 2025 – The Cyber Beat Fired Techie Admits Sabotaging Ex-Employer, Causing $862K in Damage Samourai Crypto Mixer Founders Sent to Prison for Laundering Over $237 Million TV Streaming Piracy Service Photocall With 26M Yearly Visits Shut Down Salesforce Investigates Customer Data Theft via Gainsight Breach …
Ex-Developer Jailed Four Years for Sabotaging Ohio Employer . . . A 55-year-old Chinese national has been sentenced to four years in prison and three years of supervised release for sabotaging his former employer’s network with custom malware and deploying a kill switch that locked out employees when his account was disabled