LendingTree Looking Into Potential Data Breach At Subsidiary; Says Notified By Snowflake Of Possible Data Breach
Portfolio Pulse from Benzinga Newsdesk
LendingTree is investigating a potential data breach at one of its subsidiaries after being notified by Snowflake. The breach could have significant implications for both companies.
June 18, 2024 | 8:45 pm
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NEGATIVE IMPACT
Snowflake notified LendingTree of a potential data breach at one of its subsidiaries, which could have a short-term negative impact on its stock price.
Being associated with a data breach notification can raise concerns about Snowflake's data security measures, potentially affecting its stock price negatively.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
LendingTree is investigating a potential data breach at one of its subsidiaries, which could impact its stock price negatively in the short term.
A data breach can lead to regulatory scrutiny, loss of customer trust, and potential financial penalties, all of which can negatively impact LendingTree's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100