Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Transak reports data breach affecting over 92,000 users

Transak reports data breach affecting over 92,000 users

GrafaGrafa2024/10/22 01:30
By:Isaac Francis

Crypto on-ramp service provider Transak revealed that a recent data breach exposed personal information of over 92,000 users. 

According to an Oct. 21 blog post by the company, a phishing attack led to the compromise of an employee's laptop, which allowed unauthorised access to a third-party vendor’s system used for Know Your Customer (KYC) document verification. 

The breach affected 92,554 users, or approximately 1.14% of Transak’s user base. 

Sensitive information, including names, dates of birth, passports, driver's licenses, and user selfies, was exposed. 

However, the company emphasised that no financial data such as credit card details, phone numbers, Social Security Numbers, or passwords were compromised. 

Transak, which provides a fiat-to-crypto gateway enabling transactions between fiat currencies and digital assets, integrates with major crypto wallets like MetaMask, Coinbase, and Binance. 

The platform confirmed that no financially sensitive information had been breached and reassured users that affected individuals were being notified directly. 

“If we do not email you, then you have not been affected,” Transak stated. 

The company also mentioned that data protection authorities in the United Kingdom, European Union, and the United States had been informed of the breach. 

This incident follows similar breaches in the financial sector, with Fidelity Investments reporting a data breach earlier this year affecting 77,000 customers between Aug. 17 and Aug. 19. 

Fidelity, known for offering crypto exchange-traded products, experienced four separate breaches within the last 12 months. 

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Data Revealed: Whales Are More Bullish on These 7 Altcoins, Bearish on 6 Others – Here’s the List

According to data published by cryptocurrency analytics firm Alphractal, traders are long on some altcoins and short on others.

Bitcoinsistemi2025/01/12 22:00

Famous ETF Expert Made 10 Predictions for the Cryptocurrency Market in 2025 – “XRP, Solana…”

Nate Geraci, president of The ETF Store, made predictions for the cryptocurrency market in 2025 in his statement.

Bitcoinsistemi2025/01/12 22:00

Watch Out: There are 32 Altcoins with Huge Token Unlocks in the New Week! Here is the Day by Day, Hour by Hour List

The cryptocurrency market is preparing for large amounts of token unlocks in many altcoins in the new week.

Bitcoinsistemi2025/01/12 22:00

Old Altcoin Bullying Solana Accused of Being a “Pump-Dump Scheme,” Developers Issue Public Statement

The developers of the altcoin, who were heavily criticized for Solana

Bitcoinsistemi2025/01/12 22:00