Qantas CEO, top executives lose $522,000 in pay for major cyber breach

Qantas Airways Ltd. Chief Executive Officer Vanessa Hudson and her top leadership team were docked A$800,000 ($522,000) in pay for a cyberbreach that impacted millions of customers, according to the airline’s annual report. Hudson forfeited A$250,000 in compensation, while the five executive managers lost a combined A$550,000, with Hudson’s total remuneration still climbing to A$6.31 million for the 12 months ended June.

The incident stems from a cyberattack on Salesforce, attributed to ShinyHunters/Scattered Spider, and the company had obtained an injunction barring the publication or distribution of any data of more than 5.7 million consumers caught up in the incident, according to Business Standard. The report notes that the pay deductions are part of a broader accountability and governance stance being taken by the airline. This summary is based on the article’s reporting and the figures published by Qantas in its annual report, as cited. According to Business Standard.