Binance, Kraken Thwarted Social Engineering Attacks Similar to Coinbase Hack

Binance, Kraken Thwarted Social Engineering Attacks Similar to Coinbase Hack

Binance and Kraken, two of the world’s largest cryptocurrency exchanges, were recently targeted in a wave of social engineering attacks similar to the one that led to a major data breach at Coinbase.Hackers approached customer support agents with bribery offers and detailed instructions for contacting attackers through Telegram, Bloomberg reports citing people familiar with the matter. Both exchanges managed to block the attempts without losing …

Binance, Kraken successfully thwart phishing attacks similar to Coinbase hack

ThreatMark offers protection against social engineering attacks and scams - Help Net Security

ThreatMark launched ScamFlag, a Generative AI-powered solution designed to protect digital banks and their customers from the scams and social engineering attacks. Seamlessly integrating into existing digital banking applications, ScamFlag enables financial institutions to provide their customers with scam detection capabilities without requiring separate app downloads or complex setup. The announcement comes as global fraud losses reached a sta…

Coinbase suffered a social engineering attack that compromised internal data via offshore employees, with an estimated cost of $400 million. Binance and Kraken were targeted by the same method, but their security systems, notably based on the AI, would have detected and blocked the attack on time. These attacks reveal a persistent human vulnerability, despite technical protections, and confirm that cryptic platforms are priority targets. After C…

Binance and Kraken Thwart Social Engineering Attacks Amid Coinbase Breach Fallout

Binance and Kraken, two of the worlds leading cryptocurrency exchanges, recently faced a series of coordinated social engineering attacks aimed at breaching customer data, according to a Bloomberg report. The tactics used closely resemble those in a recent security breach at Coinbase, where attackers bribed overseas employees and contractors to gain access to sensitive user information. In the latest wave of attacks, hackers approached customer …

Binance and Kraken Reportedly Fend Off Social Engineering Hack

Binance and Kraken were reportedly targeted in a social engineering cyberattack. As Bloomberg News reported Friday (May 16), the hacking attempts were similar to the one revealed last week by fellow cryptocurrency exchange Coinbase. Sources told Bloomberg both Binance and Kraken were able to repel the attacks without customer data being compromised. PYMNTS has contacted both companies for comment but has not yet gotten a reply. The report noted …