1.4 Million Accounts Compromised Four Months After GateHub Breach

Caleb Townsend
Staff Writer   United States Cybersecurity Magazine

GateHub, a cryptocurrency wallet service, has suffered a significant data breach, according to Troy Hunt of Have I Been Pwned. The personal information of 1.4 million users has been posted on the Dark Web. The leaked data includes email addresses, passwords, MFA keys, and wallet hashes.

This information has come to light almost four months after GateHub first announced that they were the victim of a cyber attack. They released a statement on July 19th, in which they claimed that hackers gained unauthorized access to databases using access tokens. However, in their statement, they claimed that only 18,473 accounts were affected. This new information now reveals that the breach was much larger than previously thought.

This attack is just one of many security that cryptocurrency can be subject to. In fact, as we have talked about before, 2018 was a record breaking year for cryptocurrency fraud, seeing $1.7 billion worth of crypto stolen by hackers. Indeed, an average of $2.7 million stolen every day last year accentuates an already volatile market. As of August this year, the Q2 2019 Cryptocurrency Anti-Money Laundering (AML) report has stated that hackers and fraudsters pocketed around $4.26 billion in the first 6 months of 2019 alone.

If you use any form of cryptocurrency, it is important to have a strong malware and firewall security. Additionally, storing your coins in a cold wallet, using wallets from known sources, and storing cryptocurrency private keys are all important elements to help mitigate risk.

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