April

Fractal ID

Raccoon

Fractal ID, a business specializing in decentralized identity, experienced a data breach in 2022 that impacted around 6,300 users. The <a href="https://optimisus.com/news/crypto-news/shiba-inu-team-addresses-the-wazirx-hack-where-trillions-of-shib-were-stolen/" rel="noopener noreferrer nofollow">hack was attributed</a> to an employee who used the same password, utilizing the Raccoon Infostealer malware to pilfer their login information.  
Fractal ID offers Know Your Customer (KYC) verification services for many cryptocurrency protocols and caters to more than 250 companies. The infiltrated account possessed elevated privileges, enabling the hacker to circumvent data privacy mechanisms. Fractal ID successfully neutralized the attacker within a time frame of 29 minutes following the breach. Fractal ID, upon receiving a ransom demand from a party claiming responsibility, declined to comply and promptly notified the cybercrime law enforcement authorities in Berlin.  
The company has informed the <a href="https://optimisus.com/news/a-bitcoin-based-defi-protocol-loses-4-million-in-funds-to-hackers/" rel="noopener noreferrer nofollow">users who were impacted</a> and intends to enact measures to avert future breaches, including limiting account access to confidential information and prohibiting login attempts from unfamiliar IP addresses.  
The Raccoon Infostealer has posed a substantial danger since it was first introduced in April 2019. In 2022, Mark Sokolovsky, a Ukrainian national, was indicted by the U.S. Justice Department for his involvement in operating the malware.  
The FBI has detected more than 50 million stolen credentials; however, this figure is certainly an underestimate. The U.S. government has established a webpage for users to verify whether their credentials have been hacked. Fractal ID is dedicated to improving its security procedures and ensuring rigorous operational security protocols. 
The post <a href="https://optimisus.com/news/crypto-news/fractal-ids-recent-data-breach-affecting-6300-customers-was-traced/" rel="noopener noreferrer nofollow">Fractal ID’s recent data breach, affecting 6,300 customers, was traced back to 2022</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Fractal ID’s recent data breach, affecting 6,300 customers, was traced back to 2022

Optimisus

Other articles published on Jul 22, 2024

Mocaverse Partners with TON Blockchain to Expand User Base to 1.6 Billion

Discover How MoonBag's Record-Breaking Presale Outshines Optimism's Recovery Hopes

Kamala Harris Meme Coin Soars to All-Time High After Joe Biden Withdraws

Pepe Eats Solana (PEPEATS) Will Rally 19,000% Before Exchange Listings, While Shiba Inu and Dogec...

Shiba Inu Lead Alerts SHIB Community Over TREAT Token

Binance Launches Banana Gun (BANANA) on Airdrops Portal

Join our free newsletter for daily crypto updates!