MW Hacked customer data from LendingTree subsidiary is being auctioned: report
By Bill Peters
LendingTree still determining whether it was hit by a broader hacking effort against Snowflake customers, Bloomberg reports
Hackers are auctioning off consumer data from QuoteWizard, a subsidiary of the lending platform LendingTree Inc., Bloomberg News reported on Thursday.
Citing a person familiar with the matter, Bloomberg reported the breach hadn't affected operations, but that LendingTree (TREE) was still trying to gauge the impact, after discovering unauthorized activity on a database hosted by Snowflake Inc. (SNOW), a cloud-data platform.
Bloomberg said it wasn't yet clear how the data theft occurred, and that LendingTree was still trying to figure out if it was affected by a broader effort by hackers to steal data from Snowflake's customers via stolen login details.
"We have not identified evidence suggesting this activity was caused by a vulnerability, misconfiguration or breach of Snowflake's platform," Brad Jones, Snowflake's chief information security officer, said in a statement in response to a MarketWatch request for comment.
LendingTree did not immediately respond to a request for comment.
Snowflake and the cybersecurity firm Mandiant, which is part of Alphabet's $(GOOG)$ $(GOOGL)$ Google, have said that they have "notified approximately 165 potentially exposed organizations" in the weeks since evidence of the hacking campaign first emerged.
Shares of LendingTree fell 2.5% after hours, after finishing the regular session 3.3% lower. Snowflake's shares, which closed regular trading 0.8% lower, were down 0.3% late Thursday.
-Bill Peters
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June 20, 2024 18:38 ET (22:38 GMT)
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