Cybercriminals have launched a significant attack on data warehousing platform Snowflake, breaching between five to ten companies and demanding ransom payments ranging from $300,000 to $5 million. The attackers, identified as UNC5537, used stolen credentials obtained via infostealer malware, affecting approximately 165 organizations, with around 80% of the victims having prior credential exposure. Mandiant reported on the breaches. Additionally, hackers have targeted researchers investigating the breach, using AI to falsify nude photos of one researcher. The breach has also led to ransom demands in the form of 30 bitcoins for stolen student data. The attack's impact is being probed by LendingTree and confirmed by LAUSD.