COMP NEWS – Microsoft has announced that they will begin tying cybersecurity initiatives into their executive bonuses.
Microsoft will now be tying cybersecurity directly with executive bonuses, vice chair and President Brad Smith said on Thursday at a U.S. House committee hearing on the company’s security issues, according to a report by The Information.
The changes indicate the software company’s willingness to address concerns around privacy and security.
Recent security breaches at Microsoft have worried officials. The Department of Homeland Security issued a report in April around an independent review of China’s breach of email accounts of U.S. government officials – an incident that the company disclosed last year.
Since then, Microsoft has said it intends to make corrections to improve issues around cybersecurity.
Microsoft has suffered from numerous foreign cyber attacks over the past years, bringing the company under increased scrutiny.
Microsoft has been pushing cybersecurity changes since experiencing multiple foreign attacks, as well as pressure from the U.S. government.In January, a breach of executive email accounts was attributed to Russian hackers. Even though not considered severely impactful, the company had to disclose it.
Microsoft launched its Secure Future Initiative in November last year, saying it will make employees more accountable for participating in security initiatives by making it a part of their compensation.
To read more about Microsoft’s new executive compensation incentives, click here.
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