chepicap.com
The Israel-based crypto exchange, Coinmama, just released an important update on the recent data breach, that has affected 30 companies and 841 million users.
Chepicap recently reported that the cryptocurrency exchange learned that an unauthorized party acquired data associated with 1.4 million Coinmama accounts.
As many as 450,000 users data were compromised, including their emails and passwords. However, Coinmama assured at the time, that no credit card details were included as the platform doesn’t store the users’ credit card details.
They further stated that those responsible for the data breach, didn't obtain the actual passwords, since Coinmama only stores the encrypted form of the passwords.
Read more: Coinmama suffered data breach, 450,000 users data are compromised
The exchange explains that in order to sell cryptocurrency, they are required by law to collect certain personal information from our customers, including name, address, email, gender and ID number.
'From some of our customers we are also required to collect images and copies of documents, including government issued IDs.'
Coinmama goes on to explain that during an ongoing investigation of a financial fraud incident that occurred in December 2018, they found evidence that an unauthorized party acquired data of their customers, which included their personal information as mentioned above.
'As of February 20, 2019, there has been no evidence of this information being used by perpetrators', the update states.
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Once the data breach came to light, Coinmama immediately expanded their investigation efforts, while working closely with several leading security experts to determine the scope of the incident.
'We are devoting all resources necessary to accelerate the ongoing security enhancements to our systems. We are working diligently to protect people’s privacy.'
Oops... #coinmama #cryptocurrencies #cybercrime #cybersecurity@UN__Cyber pic.twitter.com/ewl6MrnzTF
— Neil Walsh - UN (@NeilWalsh_UN) February 21, 2019