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21 October, 2024

Transak Data Breach Exposes 92,000 Users: What You Need to Know

21 October, 2024

Cryptocurrency payments platform Transak has revealed a data breach affecting over 92,000 users. The incident, which occurred due to a phishing attack targeting an employee’s laptop, has raised concerns about the security of user data within the crypto industry.

Transak has stated that the breach compromised user information such as email addresses, phone numbers, and transaction history. While financial data like credit card details and bank information were not accessed, the exposed information could potentially be used for phishing attacks or other forms of identity theft.

In response to the breach, Transak has taken steps to mitigate the impact, including resetting affected user passwords and implementing enhanced security measures. The company has also encouraged users to remain vigilant against suspicious emails and phishing attempts.

This incident serves as a reminder of the importance of robust cybersecurity practices within the crypto industry. As the adoption of cryptocurrencies continues to grow, safeguarding user data becomes increasingly crucial.