📺 Stream EntrepreneurTV for Free 📺

Scammer Gains Access to Snapchat Payroll Data After Posing as CEO The malicious email claimed to come from CEO Evan Spiegel, and someone in Snapchat's payroll department fell for it.

By James Cook

entrepreneur daily

This story originally appeared on Business Insider

Snapchat has admitted in a blog post that one of its employees fell victim to an email scam that revealed payroll information about employees to people outside of the company.

The post says that "a number of our employees have now had their identity compromised" due to the phishing scam.

A phishing scam is where an email impersonates someone else in an attempt to get information about a company or login information to a system.

In this case, Snapchat says the malicious email claimed to come from CEO Evan Spiegel, and someone in Snapchat's payroll department fell for it.

Snapchat makes it clear in its blog post that no information about users was handed out -- it was only data about people inside the company. The company says that it reported the scam to the FBI and offered affected employees two years of free identity-theft insurance and monitoring.

This isn't the first time that tech companies have been hit by a phishing scam. Business Insider reported in August that many London startups had been targeted by phishing emails that impersonated company CEOs.

Snapchat was not immediately available to comment.

James Cook

European Technology Reporter at Business Insider

James is a European Technology Reporter for Business Insider who lives in London. Before joining Business Insider, James was a Contributing Editor at The Daily Dot, and the Deputy Editor of The Kernel.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Growing a Business

Starting or Growing a Business? Here's How to Know When You Should Hire Your First Employee.

When enlisting help, follow these steps to make the best decision for your company.

Growing a Business

Your Comprehensive Guide to Becoming an SEO Expert – and Making Money While Doing It

Whether you're looking to earn more money or grow your digital presence, becoming an SEO expert could be a major windfall.

Business News

Southwest Airlines CEO Says the Company May Start Assigning Seats

The airline reported its Q1 2024 earnings on Thursday.

Business News

These 'Expressive Avatar' Deepfakes From a Billion-Dollar AI Startup Look Scary Real — Here's Who's Already Using the Technology

Is that a real person or an AI clone? New technology makes it nearly impossible to tell.