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Will Snowflake enhance security measures following the breach by December 31, 2024?
5
Resolution / Starting Odds
Yes • 50%
No • 50%
Snowflake official statements, reputable news sources
Story
ShinyHunters Breach EPAM Systems, Steal Data of 560 Million Ticketmaster Users, Demand $5 Million Ransom
Jun 17, 2024, 09:36 AM
Hackers from the group ShinyHunters have claimed responsibility for breaching EPAM Systems, a third-party contractor, to steal data from Ticketmaster’s Snowflake account. The breach reportedly compromised data of 560 million Ticketmaster users. Additionally, ShinyHunters are alleged to have stolen data from approximately 165 other Snowflake users. The hackers are now extorting Snowflake customers, demanding ransom payments ranging from $300,000 to $5 million. EPAM Systems has denied the claims of the breach. This incident highlights the growing severity of ransomware attacks, as seen in the recent Change Healthcare ransomware catastrophe.
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Similar markets
Yes • 50%
No • 50%
AT&T • 25%
Ticketmaster • 25%
Another Snowflake client • 25%
No public acknowledgment • 25%
No legal actions • 25%
Civil lawsuits only • 25%
Criminal charges only • 25%
Both civil lawsuits and criminal charges • 25%
Yes • 50%
No • 50%
Enhanced security protocols • 25%
Partnership with cybersecurity firms • 25%
No significant changes • 25%
Other measures • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
No new measures • 25%
Minor new measures • 25%
Moderate new measures • 25%
Major new measures • 25%
Major software overhaul • 25%
Implementation of new security protocols • 25%
Increased investment in R&D • 25%
No significant changes announced • 25%
Implement enhanced security protocols • 25%
Hire a new Chief Information Security Officer • 25%
Partner with a cybersecurity firm • 25%
Other • 25%
