New Release - WD My Cloud Firmware Release 4.01.03-421 (2/23/15)

Try a 40 second reset. Then you should be able to see your dashboard. It would be a good idea to downgrade your firmware to v3, which is much more stable.

Read this: http://community.wd.com/t5/WD-My-Cloud/Easy-method-to-downgrade-to-previous-version-of-the-firmware/m-p/773073/highlight/true#M18956

Then, disable the unnecessary scanning services. Read about it here:
http://community.wd.com/t5/WD-My-Cloud/Hidden-wdmc-directories-created-by-mcserver-and-photodbmerger/m-p/682091/highlight/true#M7765

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