"According to Bloomberg and several other news outlets, Crypto.com has pushed back against a report that a 2023 breach exposed user details and was kept from authorities. The story centers on a hacking group known as Scattered Spider and a young suspect who, according to reports, used phishing and social engineering to access an employee account. Crypto.com says the claims that it hid the incident are "unfounded.""
"Crypto.com's leadership has said the incident was reported to regulators at the time. CEO Kris Marszalek and company spokespeople told reporters that the breach affected a "very small number of individuals," involved limited personally identifiable information (PII), and did not put customer funds at risk. Based on reports, the firm says it notified US regulators and relevant jurisdictional authorities about the matter in 2023. The company called any suggestion of a cover-up misinformation."
Crypto.com denied concealing a 2023 breach that exposed user details and called suggestions of a cover-up misinformation. The breach involved the hacking group Scattered Spider and a young suspect who used phishing and social engineering to access an employee account. Company leadership stated the incident was reported to regulators at the time. CEO Kris Marszalek and company spokespeople said the breach affected a very small number of individuals, involved limited personally identifiable information (PII), and did not put customer funds at risk. The firm says it notified US regulators and relevant jurisdictional authorities about the matter in 2023.
Read at DataBreaches.Net
Unable to calculate read time
Collection
[
|
...
]