Industry News: ESG5

The Target: One of the largest cryptocurrency infrastructure providers, Transak serves nearly six million users across 160 countries and 46 U.S. states.

The Take: Names, birthdays, passports, driver’s license information and user selfies were leaked in the breach.

The Vector: A “sophisticated phishing attack” granted the attacker access to an unnamed know-your-customer vendor Transak uses for document scanning and verification.

As phishing actors continue to explore every potential abuse opportunity on legitimate service providers, novel security gaps constantly threaten to expose users to severe risks. It is essential not to rely solely on email protection solutions, and also scrutinize every email that lands on your inbox, look for inconsistencies, and double-check all claims made in those messages.

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