Coinbase data breach

Teen Pleads Guilty in Massive Child Data Breach

Nineteen-year-old Matthew Lane pleaded guilty to hacking PowerSchool, a leading education technology company, and stealing the personal data of 62 million children. Lane gained access using a stolen employee password, resulting in the largest known breach of American children’s data. His plea agreement includes a prison sentence of no less than nine years and four months for charges including obtaining information from a protected computer and aggravated identity theft. While Lane admitted to the hack, the extent of his involvement in subsequent extortion attempts remains unclear.

Read More

Coinbase Bribery Scandal: Hackers Demand $20 Million Ransom After Bribing Staff

Coinbase revealed a data breach resulting from compromised overseas support agents who were bribed by cybercriminals. The attackers obtained sensitive customer data, including names, addresses, and partial financial information, to conduct social engineering attacks. While no passwords or funds were compromised, Coinbase estimates remediation costs could reach $400 million. The company is cooperating with law enforcement and offering a $20 million reward for information leading to arrests, refusing to pay the extortion demand. Despite this incident, Coinbase maintains its commitment to enhancing security measures and customer reimbursement.

Read More