Coinbase Bank Hack Exposes Customer Data

A security breach that occurred earlier this month at a bank that Coinbase uses put the personal information of more than 150 clients at risk.

The security incident took place on July 11 and required the involvement of a third-party bank that was responsible for managing Coinbase’s payment procedures.

There is a notification on the website of the Maine Attorney General that states that the bank made a mistake and uploaded a file that included personal and transactional information to an insecure place. This might possibly expose the material to unauthorized access.

Coinbase has stated, in a letter sent to clients who have been impacted, that there is no evidence to suggest that the data was accessed by persons who were not authorized to do so, nor did any fraudulent activity or identity theft take place.

Personal information such as names, bank account numbers, and routing information are among the leaked data.

The forensic investigation being conducted by the bank is being fully cooperated with by Coinbase, and the bank has contacted law authorities about the potential security violation.

Following a big data breach that occurred in 2021, when hackers gained access to more than 6,000 Coinbase accounts, this occurrence has occurred.

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