Coinbase is open to data leaks and expects an effect of up to $ 400 million

On Thursday, Coinbase (NASDAQ 🙂 gave a cyber attack with the theft of internal data and customer information, whereby the potential financial effects were between 180 and 400 million US dollars, reports News.AZ, citing investments.

The company said that it rejected a black extension of 20 million US dollars and works with the law enforcement authorities to examine the incident.

Coinbase described the incident as a “extortion attempt” that allegedly started as criminals in overseas support to extract internal data that affects less than 1% of the monthly transactions of users. Coinbase confirmed that its systems were not broken into the systems via technological means, but through humans.

According to reports, the attackers have received names, addresses and telephone numbers as well as masked social security and bank account information, state ID images and account details.

Coinbase emphasized that the attackers had not received any access to passwords, two-factor authentication codes, private keys or customer funds.

“Instead of financing criminal activities, we examined the incident, reinforced our controls and refund customers who are affected by this incident,” said the company.

Coinbase announced that she followed the improper access to people who were hired to support support outside the United States, whose activities had already triggered internal security warnings in the previous months. These employees were terminated immediately.

Coinbase said that all the authorized customers will reimburse who incorrectly sent money to fraudsters as coinbase agents and have started a 20 million dollar reward fund for information that leads to the arrest and conviction of the attackers.

In order to strengthen the defense, Coinbase opens a new US support center, increasing the monitoring of high-risk prans and improving the detection of insider threats.

“The crypto adoption depends on trust,” said the company. “We will continue to have problems if they occur and invest in first-class defense-so we protect our customers and keep the crypto industry for everyone.”

The Coinbase shares are around 2.8% premarket.

News.az