LendingTree Unit Hacked With Stolen Data Offered On Dark Web; Previously Probing Potential Breach; Alerted By Snowflake
Portfolio Pulse from Benzinga Newsdesk
LendingTree's unit has been hacked, with stolen data being offered on the dark web. The company was previously investigating a potential breach and was alerted by Snowflake.
June 20, 2024 | 8:11 pm
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NEUTRAL IMPACT
Snowflake alerted LendingTree about the potential data breach.
Snowflake's involvement in alerting LendingTree about the breach is neutral for its stock price. It shows their capability in identifying security issues but does not directly impact their financials.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
LendingTree's unit has been hacked, and stolen data is being offered on the dark web. The company was already investigating a potential breach.
The news of a data breach and stolen data being offered on the dark web is likely to negatively impact LendingTree's stock price in the short term due to potential legal issues, loss of customer trust, and increased security costs.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100