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Arijit Sarkar
1 hour ago


BLOCKFI CONFIRMS UNAUTHORIZED ACCESS TO CLIENT DATA HOSTED ON HUBSPOT

As a third-party vendor for BlockFi, Hubspot stored user data such as names,
email addresses and phone numbers, which has been historically used for
conducting phishing attacks.

688 Total views
4 Total shares
Listen to article
2:51

News
 * 
 * 
 * 
 * 
 * 
 * 
 * 
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New Jersey-based crypto financial institution BlockFi confirmed a data breach
incident via one of its third-party vendors, Hubspot. BlockFi’s proactive
warning about the breach aims to deter the intentions of bad actors in
repurposing the user data for fraudulent activities.

According to the announcement, the hackers gained access to BlockFi’s client
data on Friday, Mar. 18, that were stored on Hubspot, a client relationship
management platform:

> “Hubspot has confirmed that an unauthorized third-party gained access to
> certain BlockFi client data housed on their platform.”

As a third-party vendor for BlockFi, Hubspot stored user data such as names,
email addresses and phone numbers. Historically, bad actors have used such
information for conducting phishing attacks and gaining access to accounts
through user-provided passwords.



At the time of writing, BlockFi is supporting Hubspot’s investigation to gain
clarity on the overall impact of the data breach. While the exact details of the
breached data are yet to be identified and revealed, BlockFi reassured users by
highlighting that personal data — including passwords, government-issued IDs and
social security numbers — “were never stored on Hubspot.”

In addition, BlockFi has also confirmed that its internal system and client
funds were not accessed and that the breach remains limited to the third-party
vendor, Hubspot. 

The company further recommended four methods to help users protect their online
presence from bad actors — good password hygiene, two-factor authentication
(2FA), allowlisting trusted applications and vigilance against scammers.

On an end note, BlockFi acknowledged that time is of the essence and are
expediting their investigations to identify the extent of the breach:

> “Additional information will be emailed to all impacted clients in the coming
> days.”

Investors are advised to be wary of all company communication, especially that
demand urgency in requesting/changing personal details including passwords and
wallet addresses.

Related: Rare Bears Discord phishing attack nabs $800K in NFTs

On Friday, Mar. 18, the recently launched nonfungible token (NFT) project Rare
Bears was attacked, resulting in a theft of nearly $800,000 in NFTs.



As Cointelegraph reported, the attacked was conducted by a hacker who posted a
phishing link in the project‘s Discord channel, and eventually stole 179 NFTs.

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 * #Blockchain
 * #Phishing
 * #Business
 * #Hackers
 * #Email
 * #Investigation
 * #Data


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