Crypto exchange Gemini discloses third-party data breach

Crypto exchange Gemini discloses third-party data breach

July 26, 2024 at 03:37PM

Cryptocurrency exchange Gemini experienced a data breach due to a cyberattack at its ACH service provider. A third-party breached the system, affecting customers’ banking information, including full names, bank account numbers, and routing numbers used for ACH fund transfers. The incident has been contained, and an investigation is ongoing. Recipients are advised to remain vigilant and enable multi-factor authentication on their bank accounts.

Based on the meeting notes, the key takeaways are:

– Gemini suffered a data breach incident caused by a cyberattack at its Automated Clearing House (ACH) service provider, resulting in the exposure of some customers’ banking information, including full name, bank account number, and routing number.

– The incident occurred between June 3 and June 7, 2024, and impacted individuals were notified on June 26, 2024.

– Gemini has indicated that no other personal information, such as date of birth, physical address, social security number, email address, phone number, username, or password, was compromised.

– The data breach incident is contained, and an investigation, supported by external experts, is ongoing.

– Recipients of the notifications are advised to remain vigilant for potential fraud and to enable multi-factor authentication on the bank accounts provided to Gemini. They are also encouraged to contact their bank to request additional protection measures or a new account number.

– Gemini also recommends that letter recipients consider placing fraud alerts or security freezes on their credit reports.

– No information has been provided about the number of impacted individuals or offered identity theft protection services.

– Additionally, the meeting notes mention that Gemini experienced a significant data breach in 2022 through a third-party vendor, which exposed the contact details of 5.7 million users.

These are the clear and concise takeaways from the meeting notes regarding the data breach incident at Gemini.

Full Article