Firm facing $3 mn extortion, threatened with 'nuclear-level' data leak: Indian-origin CEO

Varun Vummadi, an Indian-origin CEO of tech startup Giga, alleged that the San Francisco-based company is facing an extortion attempt involving a demand of $3 million. He alleged that a "small group of individuals" has illegally obtained confidential company information. "Reveal will begin with...least damaging material and escalate to nuclear level impact," the email sent to Vummadi read.