Crypto

Crypto On-Ramp Service Transak Targeted in Data Breach

A ransomware group has recently claimed to have breached Transak’s infrastructure, impacting all KYC (know your customer) data processed through their system. The group made this announcement in a public Telegram group that it operates, stating that they have extracted over 300GB of data. This data includes sensitive personal documents such as government-issued IDs, proof of address, financial statements, and user selfies.

This breach highlights the importance of cybersecurity measures for companies that handle sensitive customer information. It serves as a reminder of the risks associated with storing personal data online and the potential consequences of a security breach.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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