00:00 It's Benzinga and here's what's on the block.
00:02 Ticketmaster and multiple other companies that use Snowflake's data storage services
00:06 were hacked, gaining unauthorized access to customer data.
00:10 Snowflake indicated that credential theft malware or purchases of credentials on the
00:14 dark web enabled hackers to access accounts that lacked multi-factor authentication.
00:19 Ticketmaster disclosed and identified the hack on May 20th, affecting data stored through
00:24 Snowflake and a week later, hackers claimed to be selling the stolen Ticketmaster user
00:28 data on the dark web.
00:30 The hacks are believed to be the work of a teen crimeware hacking group that regularly
00:34 uses malware to steal credentials and has previously breached major companies and stolen
00:38 hundreds of millions of records.
00:39 For all things money, visit Benzinga.com.
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