Matthew D. Lane, a Massachusetts student, has agreed to plead guilty to federals charges concerning hacking one of the largest education technology firms in the U.S. He allegedly accessed and stole personal information from over 60 million students and 10 million teachers using stolen login credentials. Federal prosecutors suggest that Lane collaborated with a co-conspirator to extort the unnamed software company, believed to be PowerSchool, for approximately $2.85 million in cryptocurrency, highlighting serious security risks within the educational technology sector.
Matthew D. Lane, a 19-year-old from Massachusetts, has agreed to plead guilty to hacking and extorting PowerSchool, an education tech company, affecting millions.
The data breach impacted over 60 million students and 10 million teachers, leading to significant personal data theft, revealing vulnerabilities in educational tech infrastructure.
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