Hacker pleads guilty to stealing data from more than 165 Snowflake customers
Action Required: Review vendor cybersecurity protocols and ensure multi-factor authentication is enforced across all firm-used cloud platforms.
A hacker has pled guilty to stealing data from over 165 Snowflake customers, resulting in significant ransom payments. This incident highlights the critical importance of cybersecurity and data protection for financial firms utilizing cloud-based data platforms and AI-integrated software.
Read full article at techcrunchWant the full daily Briefing?
30 stories like this every day, with Action Required call-outs and direct lines to ask Aria — finsay's AI compliance assistant.
Try free for 14 daysRelated stories
- Google says hackers are calling financial firm employees to hack and extort victims
Google security researchers have identified a surge in social engineering attacks where hackers are calling financial firm employees to gain…
- Point72, Citadel among hedge funds hit by AI vishing attacks - InvestmentNews
Major hedge funds, including Point72 and Citadel, have been targeted by sophisticated 'vishing' (voice phishing) attacks utilizing AI-genera…
- If you pay a hacker’s ransom, chances are that they’ll come back for more
Security researchers warn that paying ransoms to hackers is ineffective, as it often leads to repeat extortion attempts rather than resoluti…