Coinbase is alerting customers and bolstering internal security after a bribery-fueled data breach exposed sensitive user information and triggered a multimillion-dollar incident response ...

A preliminary estimate of the incident's cost is "approximately $180 million to $400 million," Coinbase said in a SEC filing. Inside the crypto world, there is concern that large account holders ...

As reported by Cryptopolitan on May 21, Coinbase acknowledged that the December 2024 security incident had affected approximately 69,461 customers. The breach was discovered on May 11, 2024.

The firm said in a filing that the incident could cost $180 million to $400 million. The figures were based on Coinbase's preliminary estimates of remediation costs, customer reimbursements, and ...

The Coinbase incident involved personnel abusing their access. ... Integrate anti-bribery efforts with cybersecurity and risk management: Ensure that compliance, internal audit, legal, HR and ...

“Whether through impersonation, bribery or social engineering, the endgame is the same: gaining access to corporate IT systems or sensitive data,” said Justin Daniels, an equity partner at ...

Coinbase stock price tumbled Thursday following the incident. Coinbase says scammers bribed insiders to steal customer data — and it could cost the crypto exchange $400 million Skip to main content ...

Coinbase estimated that it would have to spend between $180 million to $400 million “relating to remediation costs and voluntary customer reimbursements relating to this incident.” ...

Coinbase's stock fell 7% on the day of the announcement. It has since recovered and is down roughly 1% from its closing price the day before it revealed the breach.

Coinbase said it was targeted by scammers who bribed company staff,. The crypto exchange said the criminals are holding customer data for ransom. In a filing, the crypto exchange said the incident ...

Coinbase Global (COIN) often touts how it is "building the financial system of the future," but last week the cryptocurrency exchange made a disclosure that highlighted how vulnerable it was to a ...