Snowflake Inc Data Breach Scandal: Implications and Latest Developments

Thursday, 6 June 2024, 14:19
Snowflake Inc (NYSE:SNOW) is in hot water due to data breaches affecting major clients like Santander Bank and Ticketmaster, with hackers claiming to have compromised millions of customer records. Australian authorities have confirmed breaches in companies using Snowflake, leading to a decline in Snowflake's stock price. The unauthorized access has raised significant concerns about data security and customer privacy.
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Snowflake Inc Data Breach Scandal: Implications and Latest Developments

Snowflake Inc Faces Data Breach Scandal

Snowflake Inc (NYSE:SNOW) is facing scrutiny after reports of data breaches affecting some major clients, including Santander Bank and Ticketmaster.

Hackers & Compromised Records

  • Hackers claimed to have stolen hundreds of millions of customer records.
  1. Australian authorities confirmed successful compromises of several companies using Snowflake, TechCrunch reports.

The Snowflake stock is trading lower on Thursday.

Also Read: Snowflake & NVIDIA Team Up For AI Revolution: Details

Snowflake acknowledged unauthorized access

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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