365Crypto
What Is Transak?
Transak is a company that makes it easy to buy or sell cryptocurrency with regular money. It connects traditional finance (like your bank) with the world of digital currencies, so you don’t have to be a tech expert to get started.
What Happened?
Recently, Transak announced a big data breach. A hacker got into one of their employee’s laptops through a phishing** scam. The hacker then accessed a system that stores personal information used for ID verification.
What Was Stolen?
Personal info like names, birthdays, passports, driver’s licenses, and selfies from over 92,000 users was stolen. The good news? No financial information (like credit card numbers or Social Security details) was taken.
What Transak Is Doing About It
Transak is reaching out to affected users. If you don’t get an email from them, you weren’t impacted. They’ve also reported the breach to authorities in Europe, the UK, and the US.
Not the Only One
This isn’t the first time a data breach has happened in the financial world. Just this year, Fidelity Investments had a breach that exposed the personal details of over 77,000 customers. It was their fourth data breach in 12 months.
Phishing scam: When someone tricks you into giving up your personal details by pretending to be a legitimate business.
