Coinbase has disclosed a significant data breach resulting from scammers bribing external customer support agents to access sensitive user information. The breach, affecting less than 1% of users, could cost the company up to $400 million. Coinbase is offering a $20 million reward for information leading to the perpetrators.
Key Takeaways:
Sensitive user data compromised through insider bribery.
Potential financial impact estimated between $180 million and $400 million.
Company refuses to pay a $20 million ransom and is cooperating with authorities.
#Coinbase #CyberSecurity #DataBreach #CryptoSecurity #InsiderThreat