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Coin Cloud has successfully prevented its second major data breach within the span of a year, demonstrating significant strides in improving its cybersecurity measures. The latest incident took place in September and targeted 58,000 former customers, according to a filing with the Maine Attorney General.
As reported, Coin Cloud, which filed for bankruptcy in February 2023, had previously suffered a massive data breach in 2023 that exposed sensitive information of approximately 300,000 customers. The stolen data included dates of birth and customer photographs, among other personal details. This recent incident highlights the ongoing risks associated with data breaches and emphasizes the need for robust cybersecurity measures.
According to an official statement, upon discovering the unauthorized access, Coin Cloud’s team immediately shut down its platform, isolated the malicious actor, and secured the compromised server. Additionally, the company has made immediate enhancements to its systems, security, and practices to prevent a repeat incident in the future.
Notably, Coin Cloud is advising affected customers to take proactive measures to protect their financial accounts, including monitoring for unusual activity, placing fraud alerts or credit freezes with major credit bureaus, being vigilant for phishing attempts or suspicious communications, and seeking assistance from identity theft protection services if necessary.
Source: fullycrypto.com
