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<p><strong>Key Points:</strong></p>   
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 <li><em>Transak experienced a data breach affecting over 92,000 users due to a phishing attack.</em></li>   
 <li><em>The Transak phishing attack impacted a third-party KYC vendor, but the company has not seen the stolen data used in criminal activities.</em></li> 
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<h5 class="wp-block-heading">Popular fiat-to-crypto service provider Transak has <a href="https://transak.com/blog/transak-security-incident-oct-2024" target="_blank" rel="noreferrer noopener">announced</a> a major data breach affecting 92,554 users.</h5>   
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 <a href="https://coincu.com/wp-content/uploads/2024/10/On-Black-27-1024x576.jpg"><img src="https://coincu.com/wp-content/uploads/2024/10/On-Black-27-1024x576.jpg" alt="Transak Phishing Attack Exposes Customer Confidential Information" class="wp-image-288424"></a>
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<p class="has-background" style="background-color:#222222">Read more: <a href="https://coincu.com/265826-uniswap-fiat-services-now-boosted/" target="_blank" rel="noreferrer noopener">Uniswap Fiat Services Now Boosted With Transak Support&nbsp;</a></p>   
<h2 class="wp-block-heading" id="transak-phishing-attack-leaked-sensitive-user-information">Transak Phishing Attack Leaked Sensitive User Information</h2>   
<p>In an update on Oct. 21, the company said the breach occurred because one of the employees' personal laptops was targeted by a phishing attack, exposing sensitive user information.</p>   
<p>The leak of employee credentials due to the Transak phishing attack allowed unauthorized access to a third-party KYC vendor used by Transak. The data breach contains names, dates of birth, passports, driver's licenses, and selfies of users who have been affected-together making up roughly 1.14% of Transak's entire user base.</p>   
<p>Currently, the services offered by Transak run to different leading digital asset storage platforms which include <a href="https://coincu.com/287654-trust-wallet-launches-first-launchpool-project-with-why-token/" target="_blank" rel="noreferrer noopener">Trust Wallet</a>, <a href="https://coincu.com/278299-metamask-blockchain-debit-card-launched/" target="_blank" rel="noreferrer noopener">Metamask</a>, Ledger, and Coinbase among others. These services could be facilitating the exchange of traditional currencies into cryptocurrencies such as Bitcoin and Ethereum.</p>   
<p>The breach has made the companies consider temporarily holding off on the integration with Transak until this gets resolved. However, the company reiterated that so far, no connection has been traced between the stolen KYC data and any sort of criminal activity.</p>   
<h2 class="wp-block-heading" id="transak-strengthens-security-amid-growing-cyber-threats">Transak Strengthens Security Amid Growing Cyber Threats</h2>   
<p>Following the breach, Transak has contacted relevant regulators throughout the U.K., European Union and the United States-including the U.K.'s ICO. The company invites affected customers to get in touch with any questions and/or concerns. In the future, Transak says it will increase further the levels of security it deploys alongside the quality of training given to staff.</p>   
<p>The Transak phishing attack is the latest in a string of cybersecurity incidents targeting companies operating in the cryptocurrency ecosystem. Just recently, the decentralized finance platform Radiant Capital announced that a hack robbed it of more than $50 million. Recently, Fidelity Investments also <a href="https://coincu.com/286677-fidelity-data-breach-exposes-information/" target="_blank" rel="noreferrer noopener">disclosed</a> the breach of personal data of over 77,000 customers.</p>   
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    <td><em><strong>DISCLAIMER</strong>:&nbsp;The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.</em></td>
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Transak Phishing Attack. Exposes Customer Confidential Information

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