Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»Crypto payment services firm says more than 92,000 affected by data breach
    Cryptocurrency

    Crypto payment services firm says more than 92,000 affected by data breach

    October 21, 20242 Mins Read


    A recent data breach at the crypto payment processor Transak exposed the information of more than 92,000 people after an employee’s laptop was accessed.

    The company said on Sunday that “no financially sensitive or critical information was compromised” but admitted that names, birthdays, passports, driver’s license information and user selfies were leaked in the breach.

    In a statement, the Miami-based company said the incident only affected about 1% of its user base. A “sophisticated phishing attack” granted the attacker access to an unnamed know-your-customer vendor Transak uses for document scanning and verification. 

    One of the largest cryptocurrency infrastructure providers, Transakd serves nearly six million users across 160 countries and 46 U.S. states. The platform lets users and businesses buy and sell more than 170 types of cryptocurrency and non-fungible tokens (NFT). 

    Transak said it “operates as a fully non-custodial platform, meaning that user funds — whether fiat or cryptocurrency — are never held by us and therefore remain completely secure and unaffected by any such attack.” 

    “Users retain full control over their assets at all times, ensuring that no funds are ever at risk,” the company said. 

    They did not say when the breach occurred or whether the hacker has contacted them about the stolen information. 

    The Stormous ransomware gang took credit for the theft on Monday, claiming to have stolen 300 gigabytes of data that includes “government-issued IDs, proof of address, financial statements, and user selfies.”

    The group said it plans to sell or leak the data if the company does not pay them a ransom. 

    Transak said in its statement that it hired a cybersecurity company to investigate the incident, identify how the information was breached and cut off hacker access. 

    Company officials plan to contact affected users through email and noted they are “reaching out to any affected partners to share transparency on how they were affected.” They did not explain which partners were affected and how. 

    Transak said it has notified officials at the U.K.’s Information Commissioner’s Office (ICO) and other regulators in the EU and U.S, and they urged customers to contact the company if they have questions. 

    Cryptocurrency-focused companies continue to face a barrage of both cybercriminal and nation-state threats. Just last week, more than $50 million worth of cryptocurrency was stolen from decentralized finance platform Radiant Capital.

    Get more insights with the

    Recorded Future

    Intelligence Cloud.

    Learn more.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    How Does Cryptocurrency Actually Work Behind The Scenes?

    Cryptocurrency

    What Is Cryptocurrency And Why Is It Changing The Way We Think About Money?

    Cryptocurrency

    Delhi Police arrests Pune man for duping woman of over Rs 12 lakh in cryptocurrency scam – ThePrint – PTIFeed

    Cryptocurrency

    Decoding Digital Assets: Understanding Crypto Tokens, Coins, And Their Real-World Use Cases

    Cryptocurrency

    Chemistry graduate from Pune held for cheating Delhi woman of Rs 12 lakh in cryptocurrency investment scam

    Cryptocurrency

    What Do Investors Need to Know About Real-World Assets (RWAs) in Cryptocurrency?

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    Trump Racks Up $3 Trillion of Investments Into American Economy

    Fintech

    UK fintech Revolut valued at $45B

    Property

    Homeowner Saw A Teenager Trespassing On His Property, So He Decided to Confront Him About It With A Sarcastic Comment » TwistedSifter

    Editors Picks

    LG Energy Solution’s profits plummet nearly 40% amid sluggish EV demand

    October 28, 2024

    Bangkok Post – Americans cash out on gold as Asian investors bulk up

    June 28, 2025

    A Home Renovation Trend Might Be Spell Trouble For These Dividend Stocks

    July 12, 2024

    Mastercard Expands Product Express to Accelerate Fintech Card Programs in New Global Markets

    October 25, 2024
    What's Hot

    US property captive market: stability amidst change

    August 12, 2024

    15 States With the Lowest Property Taxes in the US

    April 28, 2024

    Gold (XAU/USD) and Silver (XAG/USD) Drift as US Dollar Pares Recent Losses

    August 28, 2024
    Our Picks

    WazirX Cryptocurrency Exchange Loses $230 Million in Major Security Breach

    July 19, 2024

    Kentucky utilities submit planning permission for 1.29GW of natural gas power to serve data center sector

    March 4, 2025

    Tout Ce Qu’il Faut Savoir Sur Le Motocultor Festival

    July 15, 2025
    Weekly Top

    CMP Next Edge 2025 Critical and Precious Metals Short Duration Flow-Through Limited Partnership Raises $9,353,250 on First Closing

    August 1, 2025

    Colorado’s soil health program takes a hit as the federal government pulls millions in funding from the Climate Smart Commodities grant 

    August 1, 2025

    Why finding the right property manager is a must

    August 1, 2025
    Editor's Pick

    Emerging trends and conditions reshaping investment opportunities

    February 27, 2025

    Biden Steps Down From The Presidential Race

    July 28, 2024

    Mbappé – Real Madrid : Un transfert retentissant annoncé en direct ?

    March 17, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.