Business
10 Things You Must Know About Canvas Hack Impacting Thousands of Schools Nationwide
SALT LAKE CITY — A major cyberattack on the Canvas learning management system has disrupted education for millions of students and teachers across thousands of schools and universities, exposing sensitive data and forcing emergency contingency plans during critical end-of-semester periods. Instructure, the company behind Canvas, confirmed the breach on Thursday and is working with law enforcement. Here are 10 essential things everyone needs to know about the incident.
1. The attack was claimed by the hacking group ShinyHunters. The notorious group posted a ransom demand and claimed to have accessed data from more than 8,800 institutions and 275 million records. They defaced login pages with ransom notes and threatened to leak student information if payment is not made by May 12.
2. The breach involved unauthorized access to personal and academic data. Exposed information reportedly includes names, email addresses, student ID numbers, course records, private messages and possibly grades. While Instructure says highly sensitive financial data appears unaffected, the volume of personal information at risk is enormous.
3. Canvas serves millions of users daily across K-12 and higher education. The platform powers course management for over 8,000 institutions worldwide. During the outage, students could not submit assignments, access materials or communicate with instructors, particularly affecting those in final exam periods.
4. The attack caused widespread but not total system failure. While the main website showed partial functionality, the mobile app and certain backend services were heavily impacted. Many districts activated backup systems such as Google Classroom or email-based alternatives to minimize disruption.
5. Timing could not have been worse for academic calendars. The incident hit during peak finals and grading season for many schools. Universities and high schools scrambled to extend deadlines, shift to paper submissions or use alternative platforms, adding stress to already pressured students and faculty.
6. Instructure responded by taking systems offline proactively. The company said it detected suspicious activity and isolated affected portions of the platform. It is cooperating with cybersecurity experts and federal authorities, including the FBI, to investigate the full scope of the breach.
7. This is not the first major incident for education technology platforms. Canvas and other LMS providers have faced previous ransomware attempts and data leaks. The sector’s rapid shift to digital learning during the pandemic expanded the attack surface without proportional security investment at many institutions.
8. Students and parents should monitor for identity theft risks. Experts advise affected individuals to watch credit reports, enable two-factor authentication everywhere and be wary of phishing emails pretending to be from schools or Canvas support. Free credit monitoring may be offered to impacted users.
9. The financial and reputational cost to Instructure could be significant. Beyond any ransom payment (which the company has not confirmed pursuing), the breach may trigger lawsuits, regulatory fines and loss of institutional trust. Shares of Instructure’s parent entity faced selling pressure following the news.
10. The incident highlights urgent need for better ed-tech security standards. Education leaders are calling for stronger federal guidelines on data protection for learning platforms. Many schools are now reviewing vendor contracts and developing more robust backup systems to reduce reliance on single providers.
Background and Technical Details
The attack appears to have begun with exploitation of a vulnerability that allowed initial access, followed by privilege escalation. ShinyHunters posted screenshots of internal dashboards and sample data as proof. Instructure emphasized that core student safety systems and emergency communications were not compromised.
Impact on Different Education Levels
Higher education institutions faced the heaviest disruption, with final papers, exams and grade submissions affected. K-12 districts reported similar issues but were often quicker to pivot to alternative tools due to existing hybrid learning infrastructure. Some states activated statewide emergency learning continuity plans.
Long-Term Implications
The breach could accelerate a shift toward decentralized or open-source learning platforms and greater investment in cybersecurity training for school IT staff. Privacy advocates are pushing for stricter data minimization policies so that not every piece of student information is stored in one central system.
For now, students and educators are advised to remain patient as systems are gradually restored with enhanced security measures. Instructure has promised transparent updates and support for affected institutions. The education community is watching closely to see how quickly trust can be rebuilt after this significant incident.
Schools reach out to Canvas hackers as breach hits US classrooms, source says
Business
DXP Enterprises, Inc. 2026 Q1 – Results – Earnings Call Presentation (NASDAQ:DXPE) 2026-05-08
Q1: 2026-05-07 Earnings Summary
EPS of $1.26 misses by $0.03
| Revenue of $521.66M (9.46% Y/Y) misses by $9.84M
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The move is aimed at preventing misuse of stock exchange data and keeping the educational content relevant. The new rule will come into effect from July 1, 2026.
The regulator has given a special exemption to the National Institute of Securities Markets.
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Operator
Good day, and thank you for standing by. Welcome to Upwork Q1 2026 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference call is being recorded. I would now like to hand the conference over to your first speaker, Gary Fuges, VP of Investor Relations at Upwork.
Gary Fuges
Vice President of Investor Relations
Thank you, and welcome to Upwork’s discussion of its first quarter 2026 financial results. Joining me today are Hayden Brown, Upwork’s President and Chief Executive Officer; and Erica Gessert, Upwork’s Chief Financial Officer. Following management’s prepared remarks, they will be happy to take your questions. But first, I’ll review the safe harbor statement.
During this call, we may make statements related to our business that are forward-looking statements under federal securities laws. Forward-looking statements include all statements other than those of historical fact. These statements are not guarantees of future performance, but rather are subject to a variety of risks, uncertainties and assumptions. Our actual results could differ materially from the expectations reflected in any forward-looking statements. For a discussion of the material risks and other important factors that could affect our actual results, please refer to our SEC filings available on the SEC website and on our Investor Relations website as well as the risks and other important factors discussed in today’s earnings press release. Additional information is also available in our quarterly report on Form 10-Q for the quarter
Operator
Good morning, and welcome to Grupo Supervielle’s First Quarter 2026 Earnings Call. I’m Ana Bartesaghi, Treasurer and IRO.
[Operator Instructions] [Foreign Language] Today’s conference call is being recorded. Speaking today are Patricio Supervielle, our Chairman and CEO; Gustavo Paco Manriquez, CEO of Banco Supervielle; and Mariano Biglia, our CFO. Diego Pizzulli, CEO of invertironline, will also be available during the Q&A session. [Foreign Language]
Before we begin, please note this call may include forward-looking statements. Please refer to our earnings release and SEC filings for further details. Patricio, please go ahead. [Foreign Language]
Julio Patricio Supervielle
Founder, Chairman of the Board & CEO
Thank you, Anna. Good morning, everyone, and thank you for joining us today. The first quarter marked an early but important step in our earnings recovery with underlying profitability returning to positive territory, excluding extraordinary severance charges.
We maintain a disciplined approach to growth. Loans declined sequentially, reflecting seasonally lower demand in local currency lending and our continued focus on selective origination. U.S. dollar loans grew 13% in original currency terms, although peso appreciation masks growth when reported in local currency.
We also further optimized our funding mix by reducing higher-cost wholesale deposits and strengthening deposit quality. Asset quality showed early signs of stabilization, while the NPL ratio stood at 5.6% at quarter end, delinquency trends improved slightly through March following the February peak.
In parallel, cost of risk improved
Operator
Good afternoon, ladies and gentlemen, and welcome to the Mitek Reports Fiscal Second Quarter 2026 Financial Results.
[Operator Instructions] This call is being recorded on Thursday, May 7, 2026. I would now like to turn the conference call over to Mr. Ryan Flanagan with IRC. Please go ahead.
Ryan Flanagan
Thank you, operator. Good afternoon, and thank you for joining us today to discuss Mitek’s Fiscal Second Quarter 2026 financial results.
Joining me today are Chief Executive Officer, Ed West; and Chief Financial Officer, Dave Lyle. Please note that today’s call will include forward-looking statements and because these statements are based on the company’s current intent, expectations and projections, they are not guarantees of future performance, and a variety of factors could cause actual results to differ materially. A description of these risks and uncertainties can be found in our 10-Q filing dated May 7, 2026, and our other SEC filings.
These forward-looking statements include, but are not limited to, our expectations around customer demand for our products and services, expansion of our Check Fraud Defender or CFD, data consortium, the ongoing stability of our check verification business, our growth and investment plans, expected improvements in gross profit and unit economics, improvement to operating leverage and scale, expected free cash flow conversion rates and our FY ’26 financial outlook and guidance.
Except as required by law, we do not undertake any obligation to update these forward-looking statements. This call will also include references to non-GAAP adjusted results. Please reference this afternoon’s press release and our Investor
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