Extortionists bribed Coinbase employees to give them customer data

Coinbase has revealed a serious security breach involving insider complicity, where cybercriminals bribed support agents for sensitive customer data, including personal identification and financial details. The attackers demanded a $20 million ransom and tricked some users into sending money. While Coinbase has refused to pay the ransom and is working with law enforcement, it plans to reimburse affected customers and enhance security measures. The financial impact of this incident is estimated to cost the company between $180 million and $400 million. For more details on this unfolding story, check out the full article. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Engadget