According to recent reports, a hacker managed to gain access to Snapchat’s source code and upload it on the popular open sourced software development platform of Github potentially causing a flurry of problems for the social media application. According to The Hacker News, the underlying code could potentially expose the company’s extremely confidential information, like the entire design of the hugely-successful messaging app, how the app works and what future features are planned for the app.
Snapchat’s parent company, Snap, Inc. acted swiftly in order to file a copyright act in order to take the post offline and avoid additional exposures. They believe this upload could be in result of a mishap that occurred when they released an iOS update back in May, which accidentally leaked a portion of their source code.
Since the leak announcement, Snap has confirmed that this leak did not jeopardize the snap chat app nor did affect any of the users in their community. However, due to the nature of this cyber threat, the hackers are still in control of Snapchat’s source code, which means they still have the opportunity repost Snap’s confidential information online either on Github or other publishing platforms.
It’s worth noting that in a similar instance, the insured would be covered if they experience financial losses or business interruption due to a cyber attack of this nature.
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