Coinbase was informed in January that a potential data breach involving customer information could have occurred due to an employee of an outsourcing company. The incident was publicly disclosed by Coinbase in May, revealing that an employee in India, working for TaskUs, was caught taking pictures of sensitive information. The employee and an accomplice were suspected of providing customer data to hackers for financial gain. TaskUs, an American outsourcing company, faced a lawsuit alleging mishandling of Coinbase's customer support. Despite a mass layoff in January, only two employees were identified as responsible for the breach affecting nearly 70,000 customers. Coinbase took immediate action by severing ties with the involved personnel and enhancing security measures. Additionally, TaskUs was previously accused of a crypto-related data breach in 2022, highlighting the importance of safeguarding customer data in the digital age. Read more AI-generated news on: https://app.chaingpt.org/news