Byte Federal Bitcoin ATM Operator Suffers Data Breach Affecting 58,000 Users
One of the biggest Bitcoin ATM operators in the US, Byte Federal, has had a significant data breach that may have affected 58,000 users. Byte Federal, a Florida-based company, filed a complaint with the attorney general of Maine on December 12 alleging that a security breach had allowed unauthorized access to its clients’ personal information.
According to Byte Federal, it learned about the incident on November 18, roughly 30 days after it happened on September 30, when a malicious actor took advantage of a flaw in third-party software. The Bitcoin ATM operator assured users that no user assets or monies were affected and promptly shut down its network after discovering the problem.
Byte Federal Enhances Security Measures After Cyberattack Exposes User Data
The bad actor tried to obtain unlawful access to the personal data of up to 58,000 consumers, including 111 people from Maine, according to Byte Federal’s petition. Names, dates of birth, residences, phone numbers, email addresses, government-issued identification, social security numbers, transaction activity, and user photos were among the potentially exposed data. According to Byte Federal, there is no proof that any of its customers’ personal information has ever been accessed or used improperly.
Nonetheless, we are taking precautionary measures to ensure the security of your data and to help alleviate any concerns you may have.
Byte Federal
Byte Federal sent out a notice of the hack and hard reset all customer accounts when it happened. To stop any more illegal access, the platform also upgraded its tokens, keys, password management system, and internal passwords.
With the assistance of an independent cybersecurity team, we are conducting a forensic investigation to determine the cause and the scope of the incident,
Byte Federal
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