A leak of employee payroll data is a nightmare for every company — especially one that's, by some measures, still in startup stage.
That's the fate that befell Snapchat on Friday, and now the company has issued a formal apology and an explanation of what exactly happened.
In a blog post, Snapchat claims the data was stolen from the company via an "isolated phishing scam." A scammer impersonating the company CEO asked for employee payroll data from the company Snapchat department, and employees fell for the scheme.
"When something like this happens, all you can do is own up to your mistake, take care of the people affected, and learn from what went wrong," the post reads. Read more...
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