An Alleged Hack on Coin Cloud Exposes Customer Data
An anonymous hacking group claims to have stolen 70,000 customer selfies and sensitive personal information for 300,000 customers of Coin Cloud, a Bitcoin ATM firm that operated over 4,000 machines in the U.S. and Brazil before filing for bankruptcy in February. The group also alleges to have taken the source code to Coin Cloud’s backend system, as stated in a post on X from cybersecurity expert vx-underground.
The post contains redacted images, supposedly showing the customer selfies and personal identifying information accessed by the group. This includes customers’ Social Security numbers, name, address, date of birth, occupation, phone number, and more. Vx-underground informed The Block that the unidentified hacker was sharing the claims privately and that the leaked database may be posted online soon. Coin Cloud has not responded to requests for comment.
Coin Cloud filed for bankruptcy in February after facing “business difficulties and legal problems,” resulting in $40 million in losses over the first nine months of 2022, according to its former CEO as reported by the Wall Street Journal.
Hot Take: The Importance of Securing Customer Data
This alleged hack on Coin Cloud serves as a reminder of the critical importance of securing customer data. With cyber threats constantly evolving, businesses must prioritize robust security measures to protect sensitive information from falling into the wrong hands. The potential repercussions of such breaches underscore the need for proactive cybersecurity strategies to safeguard customer trust and maintain business integrity.
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