Coinbase disclosed a security breach where rogue contractors were bribed to extract customer data and threaten extortion. The company is taking measures to reimburse affected users and enhance security protocols.
Affected: Coinbase customers, internal systems, support centers
Affected: Coinbase customers, internal systems, support centers
Keypoints
- Cybercriminals bribed insiders to steal customer data from Coinbase.
- The attackers demanded a $20 million ransom to prevent the release of stolen information.
- Stolen data includes personal details, documents, transaction histories, but not login credentials or funds.
- Coinbase is establishing a $20 million reward fund for information leading to arrests.
- The company plans to improve insider threat detection and implement new security measures.