Risky Bulletin Risky Bulletin: Coinbase reveals insider breach, extortion attempt
May 16, 2025
Hackers targeted Coinbase, extorting employees for sensitive user data. Meanwhile, America's largest steel producer halted operations following a severe cyberattack. The podcast delves into the rise of Scattered Spider, shifting their focus to US retailers. Additionally, it discusses the US government's retreat from plans aimed at safeguarding citizens from data brokers, raising concerns about personal privacy in the digital age.
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Coinbase Insider Data Breach
- Cybercriminals bribed Coinbase employees to access user data, leading to social engineering attacks.
- Coinbase was extorted but refused to pay the $20 million ransom, instead using the sum as a bounty to catch attackers.
US Steel Producer Cyber Attack
- America's largest steel producer stopped operations at several plants due to a cyber attack.
- The incident impacted some of its 26 steel mills across the US but the company has restarted operations.
Prep Hero Data Exposure
- Prep Hero exposed a database of thousands of high school athletes containing sensitive personal data.
- The database was unsecured with no password and included identity documents and private emails.