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Hackers Hold Snowflake Customers Hostage: Ransom Demands Hit $5 Million
Cybercriminals are demanding ransoms of up to $5 million from 10 Snowflake customers, targeting companies with single-factor authentication. Mandiant’s Austin Larsen warns the hacking gang is auctioning stolen data on illegal forums to extort payments.
Hot Take:
Looks like cybercriminals have found a way to turn Snowflakes into a blizzard of cash! Hold on to your wallets, folks, because the ransom demands are colder than a winter storm!
Key Points:
- Cybercriminals are demanding ransoms ranging from $300,000 to $5 million from up to 10 companies.
- The targeted companies are customers of Snowflake, a cloud-based data analytics firm.
- Google’s Mandiant security business is leading the investigation into the breach.
- Hackers are auctioning stolen data on illegal forums to pressure companies into making payments.
- Snowflake confirmed the targeted attack but declined to comment on specific customers.
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