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Coinbase Breach Linked To Customer Data Leak In India
Coinbase reportedly knew as early as January about a customer data breach linked to its outsourcing partner TaskUs, where an employee in India was caught leaking customer information in exchange for bribes. "At least one part of the breach [...] occurred when an India-based employee of the U.S. outs...
Though Coinbase disclosed the incident in May after receiving an extortion demand, the newly revealed timeline raises questions about how long the company was aware of the breach, which could cost up to $400 million. Reuters reports: Coinbase said in the May SEC filing that it knew contractors accessed employee data "without business need" in "previous months." In a statement to Reuters on Wednesday, Coinbase said the incident was recently discovered and that it had "cut ties with the TaskUs personnel involved and other overseas agents, and tightened controls."
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