Snowflake Shares Moving Lower; Traders Circulate HudsonRock Report Suggesting 'Snowflake, Cloud Storage Giant, Suffers Massive Breach: Hacker Confirms to Hudson Rock Access Through Infostealer Infection'
Portfolio Pulse from Benzinga Newsdesk
Snowflake shares are moving lower as traders circulate a HudsonRock report suggesting that the cloud storage giant has suffered a massive breach. The report claims that a hacker confirmed access through an infostealer infection.
May 31, 2024 | 5:02 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Snowflake shares are declining due to a report from HudsonRock indicating a significant security breach. The breach was reportedly confirmed by a hacker who gained access through an infostealer infection.
The report of a massive security breach is likely to negatively impact investor confidence in Snowflake, leading to a short-term decline in its stock price. Security breaches can have significant repercussions, including potential loss of customer trust and increased scrutiny.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100