Byte Federal reports data breach affecting 58,000 customers
Byte Federal, an operator of Bitcoin (CRYPTO:BTC) ATMs in the United States, has reported a significant data breach that potentially affects 58,000 customers.
On December 12, the Florida-based company disclosed the breach in a filing with Maine’s attorney general, revealing that unauthorized access to personal data occurred.
The breach was discovered on November 18, over a month after it initially took place on September 30.
According to Byte Federal, the attack exploited a vulnerability in third-party software provided by GitLab.
Upon discovering the breach, Byte Federal promptly shut down its platform and assured customers that no user assets or funds were compromised.
The exposed data includes sensitive information such as names, dates of birth, addresses, phone numbers, email addresses, government-issued IDs, Social Security numbers, transaction activity, and user photographs.
In its filing, Byte Federal stated that while there is currently no evidence suggesting that the compromised data has been misused, it is taking precautionary measures to ensure customer security.
“To help alleviate any concerns you may have,” the company urged clients to reset their login credentials immediately.
Additionally, Byte Federal performed a hard reset on all customer accounts and updated its internal security protocols to prevent further unauthorized access.
The company is conducting a forensic investigation with the help of an independent cybersecurity team and cooperating with law enforcement regarding the incident.
Byte Federal operates approximately 1,356 Bitcoin ATMs across the U.S., accounting for about 4.3% of all crypto ATMs in the country.
As the Bitcoin ATM market continues to grow, this incident highlights the ongoing cybersecurity challenges faced by financial service providers handling sensitive user data.
Customers are advised to remain vigilant against potential phishing attempts and monitor their accounts for any suspicious activity following this breach.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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