Scammers Stole Snapchat Employee Pay RecordsAdded: Tuesday, March 1st, 2016
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As you know, Snapchat’s photos are deleted automatically right after the receiver has viewed them. We wish the same could be said about Snapchat’s confidential financial data, which it just leaked to a scammer. A few days ago, Snapchat apologized in its blog to its employees after an HR employee leaked payroll data about some current and former company employees in result of a phishing attack.
Snapchat also assured its readers that it responded “swiftly and aggressively”: within 4 hours of the leak, the company confirmed that the phishing attack was an isolated incident and was reported to the Federal Bureau of Investigation. It also started to find out which employees may have been affected and contacted them to offer 2 years of free identity-theft insurance and monitoring.
The company also emphasized that only Snapchat’s staff was affected, either current and former, whose data was handed over, while none of user data was given to the scammer. Apparently, the company became a victim of an embarrassingly common type of phishing email that purported to come from Snapchat CEO. It turned out that an email claiming to be from director Evan Spiegel was sent to one of the HR staffers, who sent back the requested records.
Nevertheless, the leaked data is not really significant. In other cases, similar scams have resulted in far more than a small amount of payroll data: for example, Ubiquiti Networks made a payment of more than $45m last summer after an employee received an email supposedly from its CEO to do so. Overall, media reports estimate a total loss to similar scams in the past 2.5 years as $2bn.
According to industry experts, the very fact that Snapchat got affected with this proves that being young, popular and high-tech can’t protect a company from becoming a phishing target. They explained that the scammers are getting so good at phishing that they aren’t just fooling inexperienced and aged users: in fact, even people born into the worldwide web, apps and the cloud sometime also fall for clicking on bad links. This is a good news for the hackers who worry that millennials would put them out of the phishing business.
The critics joke that maybe the solution to the problem could be to run the company through Snapchat itself: despite this getting annoying never being able to refer back to previous emails, the self-destructing data is rather safe, one should agree.
Tuesday, March 1st, 2016No comments
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