Nansen is a blockchain analytics platform that shares in-depth insights with crypto users. On this platform, digital asset investors find easy opportunities to strengthen their portfolios. The website prepares traders for the future and makes them proactive. So far, Nansen has been in the news for all the good reasons. Recently, it reported a data breach incident.
How Did Nansen Respond to the Incident?
On 22 September, Nansen CEO Alex Svanevik shared a blog post about what happened. He said that a third-party vendor infiltrated its website surreptitiously. The incident resulted in 6.8% of users falling victim to personal data compromise. It includes blockchain data, password hashes, and email addresses. However, he revealed that a third-party vendor that caters to Fortune 500 companies suffered this breach.
Notably, the perpetrator gained access to the admin rights of a Nansen account. More importantly, this account facilitated customers’ access to the platform. Despite that, the team managed to stop the unauthorized access shortly. Svanevik informed that no wallet was affected. Also, the platform launched an investigation immediately as per Svanevik.
Nevertheless, the affected users have their email addresses exposed now. According to the team, the number of users whose password hashes were exposed is smaller. Moreover, smaller is the group whose blockchain address has been revealed. Reportedly, Nansen has asked the unnamed third party to reveal their identity and acknowledge the breach.
Furthermore, it cautioned the users to double-check their emails. The company said that if they get any mail from the company during this period, it’s probably a phishing attack. The team has even told the affected users about the exact risks they were exposed to. Last week, Fortress Trust became a victim of a phishing attack and ended up losing cryptos worth $15 Million.
Interestingly, Trust also refused to name the vendor and said that it caters to Fortune 500 companies. However, the vendor is now called Retool. For many crypto users, it was a small attack that didn’t cause a huge loss. But in the past, companies and individuals have lost millions to these notorious attacks. Thus, it’s wise to take a look at some of these infamous incidents.
Notable Cyber Attacks Happened Recently
- On 8 August 2023, some hackers gained access to the UK’s electoral registers.
- Pole Emploi, the French unemployment agency reported multiple attacks this year.
- The University of Minnesota confirmed that an attacker accessed its personal data on 21 July 2021.
- Tigo, a video chat platform reported a loss of 700,000 people’s personal data in July this year.
- Passport data of more than 34 million Indonesians was compromised in a very recent attack,
- The Teachers Insurance and Annuity Association of America reported a loss of 2,630,717 of its clients’ data.
It seems that the menace of cyber-attacks will never stop. Somehow, these miscreants find a way to gain access to the most robust structures. Even blockchain-based platforms have been compromised many times. Therefore, crypto users need to be very cautious about everything. It’s best to stick to the guidelines and compliance rules to avoid mishaps later.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/09/24/nansen-reports-a-security-breach-and-asks-users-to-be-cautious/