Coinbase says customers’ personal information stolen in data breach
a year ago
- #ransomware
- #cybersecurity
- #data-breach
- Coinbase confirms a data breach involving customer data, including government-issued identity documents.
- Hacker obtained information by bribing contractors/employees outside the U.S. who had access to internal systems.
- Stolen data includes names, addresses, phone numbers, partial SSNs, bank details, and identity documents.
- Account balances, transaction histories, and some corporate data were also compromised.
- Coinbase detected the breach in previous months and warned affected customers.
- Hackers demanded $20 million ransom, but Coinbase refused to pay.
- Less than 1% of Coinbase's 9.7 million monthly customers were affected.
- Coinbase estimates costs of $180M–$400M for remediation and reimbursements.
- Company plans to open a U.S.-based support hub and enhance security.