FxNews—Transak, a platform that facilitates cryptocurrency transactions, recently announced that it experienced a data breach. This breach, revealed through a company blog post on Monday, involved some user information being compromised.
Transak reported that the breached data included users’ names and basic identity details. Despite this, a ransomware group involved in the breach alleges they accessed more sensitive information.
The company identified that the breach affected a small fraction of its customers, approximately 1.14% of the total user base. Transak reassured its users that no critical financial details were compromised during this incident.
Huge Data Theft: IDs, Financial Records at Risk
The ransomware group responsible for the breach stated they had stolen a significant amount of data, claiming to have gathered over 300GB. This data purportedly contains sensitive personal documents, including government IDs, address proofs, financial records, and personal photographs.
The ransomware group has warned that if their demands are not met, they may release or sell the remaining stolen data to others. This ongoing threat highlights the risks associated with data security in the cryptocurrency industry.
J.J Edwards is a finance expert with 15+ years in forex, hedge funds, trading systems, and market analysis.