Connect with us

News 1

Ledger’s database with 270k physical addresses, 1M emails leaked on Raidforms

Published

on

Source: Pixabay

A database from hardware wallet company Ledger was leaked earlier today. The leaked data, which consists of over 270,000 physical addresses and phone numbers along with a million email addresses, was made publicly available on hacker website Raidforms.

According to reports, the data in question was stolen during a hack of Ledger’s e-commerce database back in June.

While Ledger acknowledged that its database had been compromised as a result of this hack, the company had claimed that only 9,500 phone numbers, postal addresses, and details of product purchases were exposed during the hack in June. Despite these claims, however, it seems that the actual volume of leaked data is much more significant than what Ledger is claiming.

The company said,

“It is a massive understatement to say we sincerely regret this situation. We take privacy extremely seriously.”

Reportedly, Ledger is working with law enforcement agencies to prosecute these hackers, with over 170 phishing websites taken down since the original data breach.

Although no financial information was leaked, users were concerned that this publicly availably leaked data posed a greater threat than just phishing attacks. As one user stated,

“Individuals who purchased a Ledger tend to have a high net worth in cryptocurrencies and will now be subject to both cyber harassments as well as physical harassments on a larger scale than experienced before.”

Another called the company out on Twitter, calling the leak unforgivable and stating,

“Cut off business with them, only way companies in this space are gonna learn to take our physical security seriously.”

In fact, the community outrage was so significant that some even threatened legal action.

The aforementioned episode highlights the dangers of storing information on a single server, one that is susceptible to hacks. According to some speculations, the new proposed Treasury Rule change that forces more KYC/AML upon users will only create more vulnerabilities for cyber-attackers to take advantage of.

Where to Invest?

Subscribe to our newsletter

Samyuktha is a full-time journalist at AMBCrypto. Currently pursuing her Masters in Finance and Business Analytics, she is interested in cryptocurrencies, fintech, and blockchain technology adoption across various sectors.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *