Coinbase Data Breach: 69,461 Users Caught in Crypto Comedy of Errors
The Coinbase data breach affected 69,461 individuals, with rogue contractors involved in a campaign to extract data. Despite a $20M ransom demand, Coinbase refused to pay and is boosting security measures instead. The breach exposed some personal details but not passwords or crypto funds, leading to an estimated $180M–$400M in costs.
Hot Take:
Who knew that the biggest threat to your crypto fortune could be an overseas support agent with a side gig in espionage? Forget Bitcoin volatility; Coinbase users are now bracing for data breach drama. Talk about cryptocurrency going from digital gold to digital gossip!
Key Points:
- Coinbase data breach affected 69,461 individuals, exposing less than 1% of users.
- Rogue overseas support staff accessed and exfiltrated sensitive customer data.
- Breach included partial SSNs, bank info, ID images, and account history.
- Coinbase refused a $20M ransom demand and is cooperating with law enforcement.
- Estimated costs for the breach range between $180M–$400M for remediation and reimbursements.
Already a member? Log in here