Transak, a fiat-to-crypto payment gateway has revealed data breach incident that impacted more than 57,000 users. The compromise which happened through a phishing attack on an employee’s laptop has led to the disclosure of personal user data.
The infamous Stormous ransomware group has taken credit for the crypto hack, which has already cast doubt on the security of the crypto industry’s KYC measures.
Crypto Hack Affects Transak’s KYC Vendor
Transak, which is integrated into popular apps including Metamask, Trust Wallet, and Coinbase, admitted the breach in a blog post on Monday. The company said that the attackers used stolen credentials of an employee’s laptop to gain access.
The attackers were then able to penetrate the system of a third party KYC provider that Transak uses for the scanning and verification of documents.
However, social security numbers and credit card details were not at risk, but the system contained personal identifiable information (PII) including name
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