Snowflake slides as Mandiant gives more detail on data breach

seekingalpha06-11

Snowflake (NYSE:SNOW) shares fell 2% on Monday as Mandiant, a cybersecurity firm owned by Google (GOOG) (GOOGL), shed more light on a recent data breach suffered by the data ware housing company. ...

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Mandiant said the attack was performed by UNC5537, which it described as a \"financially motivated threat actor.\" A \"significant volume of records\" has been stolen from approximately 165 Snowflake customers, Mandiant said in a blog post. \"Mandiant's investigation has not found any evidence to suggest that unauthorized access to Snowflake customer accounts stemmed from a breach of Snowflake's enterprise environment,\" Mandiant wrote in the post. \"Instead, every incident Mandiant responded to associated with this campaign was traced back to compromised customer credentials. In April 2024, Mandiant received threat intelligence on database records that were subsequently determined to have originated from a victim’s Snowflake instance. Mandiant notified the victim, who then engaged Mandiant to investigate suspected data theft involving their Snowflake instance. During this investigation, Mandiant determined that the organization’s Snowflake instance had been compromised by a threat actor using credentials previously stolen via infostealer malware.\" Snowflake did not immediately respond to a request for comment from Seeking Alpha. Mandiant and Snowflake are still conducting an ongoing investigation into the hack and are working with law enforcement on the matter. Snowflake first disclosed the details of the hack on May 30.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2442669873"}