PowerSchool Data Breach Suggests Ransom Payment; Victims Investigate Amid Trust Issues; Divvy Homes Near Acquisition by Brookfield

PowerSchool, a provider of educational software, has reported a data breach that has compromised sensitive information. The company claims that exfiltrated data has been deleted, suggesting a potential ransom payment. In the wake of the breach, victims have collaborated to investigate the incident due to a lack of trust in PowerSchool's initial response. Reports indicate that school workers felt the need to act quickly, stating, 'We need our friends to act quickly because they can’t really trust PowerSchool’s information right now.' Meanwhile, in related news, proptech startups Divvy Homes and EasyKnock are facing challenges, with Divvy Homes reportedly close to being acquired by Brookfield Properties and EasyKnock having abruptly shut down. Both companies had raised hundreds of millions of dollars in funding prior to their struggles.