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### Summarized Excerpt from "The Snowflake Attack: What Happened and What It Means for Cloud Security"
In May 2024, Snowflake experienced a significant cybersecurity breach where attackers exploited stolen credentials to access its systems, impacting numerous high-profile customers like Santander Bank and Ticketmaster. Despite the severity, Snowflake denies any vulnerabilities in its platform, attributing the breach to compromised customer accounts. This incident highlights the critical need for stringent security measures and continuous monitoring in cloud environments, emphasizing the shared responsibility between cloud providers and their customers to protect sensitive data.