Loading...
Market
What will be the outcome of the ransom demand for Snowflake data breach?
3
Resolution / Starting Odds
Ransom paid in full • 25%
Ransom partially paid • 25%
No ransom paid • 25%
Ongoing negotiations • 25%
Official Snowflake press release or credible news sources
Story
Snowflake Suffers Major Data Breach, Hacker Demands $20 Million Ransom
May 31, 2024, 06:02 PM
Snowflake ($SNOW), a cloud storage giant, has suffered a significant data breach. The breach was confirmed by Hudson Rock, who reported that the hacker gained access through an infostealer infection. A Snowflake employee named Audrey Delou, a Sales Engineer in EMEA, had her account compromised, which provided substantial access to sensitive data. GitLab's Snowflake account is also believed to have been compromised for a long time. Over 400 companies' data has been affected, and the hacker is demanding $20 million to return the data. Some companies have already paid the ransom. Snowflake has stated that there is no evidence suggesting the breach was due to a vulnerability or misconfiguration in their product, and they do not believe they are the source of the leaked customer credentials. The hacker reportedly used someone’s ServiceNow credentials to gain access.
View original story
Similar markets
Implements MFA • 25%
Offers compensation to affected clients • 25%
Both • 25%
Neither • 25%
Terminate contracts • 33%
Demand compensation • 33%
Increase security measures • 34%
Customer retention improves • 33%
Customer retention remains stable • 34%
Customer retention decreases • 33%
Paid in full • 25%
Partially paid • 25%
Not paid, legal action taken • 25%
Not paid, no action taken • 25%
Ransom paid • 33%
Ransom not paid • 33%
Negotiations ongoing • 33%
Full Recovery • 33%
Partial Recovery • 33%
No Recovery • 33%
Data breach confirmed • 33%
Claims found to be fabricated • 33%
Inconclusive results • 34%
Hackers identified and apprehended • 25%
Hackers identified but not apprehended • 25%
Hackers not identified • 25%
Investigation inconclusive • 25%
No further action • 25%
Fines imposed • 25%
Legal action against Ticketmaster • 25%
Combination of fines and legal action • 25%