Miami-based Transak, a fiat-to-crypto service, reported a phishing attack affecting over 92,000 users, raising questions about user data integrity.

A Phishing Attack Unveiled

The attack originated from a compromised employee laptop. The hacker accessed the system of a third-party KYC vendor used by Transak for document verification. The attacker infiltrated sensitive areas of the company's operations.

Transak Confirms Data Breach, Assures Financial Safety

Personal data, including names and PII, was compromised. However, Transak maintains that no financial data was accessed. CEO Sami Start reaffirmed the company's commitment to mitigating the breach's impacts.

Vigilance is Key for Affected Users

With an increase in phishing attacks on crypto firms, enhanced security measures are necessary. Transak advises users to watch for suspicious activity and offers support, including monitoring services.

The data breach at Transak underscores the need for strengthened data protection. The company is taking action to prevent future incidents, while advising users to remain vigilant.