zerofox logo
Advisories

Breach Disclosure: Coinmama

|by Alpha Team

banner image

Breach Disclosure: Coinmama

Coinmama, the Israel based crypto brokerage, suffered a data breach affecting 450,000 of its users detailed in the publication from CoinTelegraph. The data stolen consisted of email addresses and hashed passwords.

Recommendations

  • If not already enabled, turn on the compromised credentials rule for all relevant entities and ensure relevant emails are entered for those entities, or reach out to [email protected] for assistance
  • If one of your entities receives an alert, ZeroFOX recommends immediate password changes for the affected account
  • Enable 2-factor authentication for all of your organizational accounts to help mitigate phishing and credential stuffing attacks
  • Remain alert to potential spear phishing attacks through email and social media

Details

The data breach was part of a multi-platform hack that affected 24 companies and resulted in 747 million records stolen. Coinmama contacted all affected users and requested them to change to a robust and unique new password as a security measure. Coinmama declared that they don't have evidence of perpetrators using the data but commented that they do not store credit card information.

Tags: data breach, global, financial services