Core Insights - Oracle Corporation has alerted its E-Business Suite customers about extortion emails following a significant hacking campaign [1][2] - The ransomware group cl0p is linked to the extortion campaign, which has been described as "high volume" by Alphabet Inc. [3] - Ransom demands from the cybercriminals have ranged from millions to tens of millions of dollars, with the highest demand reaching $50 million [4] Company Updates - Oracle has urged its clients to update their software to mitigate risks from known vulnerabilities exploited by hackers [2] - In September, Oracle appointed Clay Magouyrk and Mike Sicilia as co-CEOs, with Safra Catz transitioning to executive vice chair of the board [6] - An insider sale was executed by Naomi O. Seligman, a Director at Oracle, who sold 2,222 shares valued at approximately $641,958 [7] Industry Context - The cyberattack on Oracle's customers is part of a broader trend of high-profile hacking incidents affecting major corporations, including recent attacks on Google and TransUnion [4][5] - Google previously confirmed a data breach affecting its customers, attributed to a hacking group known as ShinyHunters [5]