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Time Is Money

Jun 25, 2024 • 4 min read

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Santander Data Breach
OpenAI Acquires Rockset

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Santander Data Breach:

The U.S. subsidiary of Spain-based bank Santander is notifying over 12,000 employees that their personal information was compromised in a third-party data breach. The incident was discovered on May 10 and involved a database used by a third-party affiliate from late April to early May 2024. In a notification letter sent to the affected employees, Santander Holdings USA explained that hackers accessed records containing employee names, Social Security numbers, and bank account information used for payroll.
Upon learning of the breach, Santander immediately took steps to secure their systems, including blocking access to the compromised database. The bank also continues to implement additional measures to prevent future breaches. According to the notification submitted to the Maine Attorney General’s Office, the breach affected 12,786 employees. This breach is linked to a larger data incident that Santander's global operations disclosed in mid-May. This larger breach was part of a widespread attack on inadequately protected Snowflake customer accounts.
During this attack, hackers accessed a database hosted by a third-party provider, compromising the personal information of customers in Spain, Chile, and Uruguay, as well as all current and former employees. The attackers, identified as part of a financially motivated group known as UNC5537, used credentials stolen through malware to access accounts that did not have multi-factor authentication (MFA) enabled. Security firm Mandiant revealed last week that this campaign compromised the accounts of 165 organizations.

OpenAI Acquires Rockset:

OpenAI has announced its acquisition of Rockset, a real-time analytics database known for its advanced data indexing and querying capabilities. This move aims to transform how people and organizations leverage their data by integrating Rockset’s technology into OpenAI’s suite of AI products. Rockset enables users, developers, and enterprises to access real-time information and make better use of their data, facilitating the development of more intelligent applications.
By incorporating Rockset’s technology, OpenAI plans to significantly enhance its retrieval infrastructure, allowing for more efficient and powerful data processing. This integration will enable OpenAI’s AI models to provide more accurate and actionable insights based on real-time data. This will help businesses and developers make more informed decisions based on real-time analysis. Additionally, Rockset’s technology will help OpenAI products scale more effectively.
Brad Lightcap, OpenAI COO, stated, "Rockset’s infrastructure empowers companies to transform their data into actionable intelligence. We’re excited to bring these benefits to our customers by integrating Rockset’s foundation into OpenAI products." Venkat Venkataramani, CEO of Rockset, echoed this sentiment, emphasizing their excitement to join OpenAI and enhance data leverage through powerful retrieval capabilities.

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