Lessons from the Snowflake Breaches
Jun 12, 2024
Data Breach / Identity Management
Last week, the notorious hacker gang, ShinyHunters, sent shockwaves across the globe by allegedly plundering 1.3 terabytes of data from 560 million users. This colossal breach, with a price tag of $500,000, could expose the personal information of a massive swath of a live event company's clientele, igniting a firestorm of concern and outrage. Let's review the facts: two large organizations announced that they suffered a data breach, identifying unauthorized activity within a third-party cloud database environment. The accessed business records contained critical information on some employees, a large number of customers and other key business data. The cloud connection What might link these two breaches is the cloud data company Snowflake, which counts among its users both organizations. Snowflake did publish a warning with CISA , indicating a "recent increase in cyber threat activity targeting customer accounts on its cloud data platform." Snowflake issued a recommendation