BlockFi: Hackers Access User Data Hosted On The Hubspot Platform

Hubspot, which acts as a service provider for BlockFi, has been hacked and user information collected. Hubspot collects user information like names, emails, and phone numbers, and unknown hackers gained access to the company’s user base and copied the data. 

BlockFi, a cryptocurrency financial institution situated in the United States, acknowledged a security breach on one of the company’s customer management providers, Hubspot. The notification from BlockFi concerning the violation is to inform the public that they are aware of the hack and to dissuade malicious individuals from reusing these user data for criminal purposes.

From the statement, the cybercriminals were able to access the company’s customer information saved on Hubspot on the 18th of March, 2021. The report stated that;

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“Hubspot has verified that an external party had access to specific BlockFi customer information stored on its platform.”

SSN, Passwords And ID Cards Were Not Stolen

From history, unscrupulous parties have made use of such information to carry out phishing attacks and gain false access to the accounts of unsuspecting users by asking them for their passwords. Several platforms have suffered a similar fate where millions of dollars have been in situations where the company does not detect the hack early enough.

At the moment, BlockFi is assisting Hubspot’s investigation team to ascertain the extent of the security breach. Although the exact details of the collected information have not been uncovered and published, the company has reassured its community by noting that sensitive data, like passwords, government identity cards, and SSN “were never saved on the customer management platform, Hubspot.”

Also, BlockFi has stated that neither its customer funds nor internal system were accessed and that the attack was restricted to just the customer information vendor, Hubspot.

BlockFi Recommends Security Steps For Users

The organization has advised investors to carry out excellent password safety by using two-factor verification (2FA) and be wary of fraudsters who would message them for private information. 

Finally, BlockFi stated that delay is hazardous, and the company is hastening its investigations to evaluate the extent of the breach:

“In the days ahead, more information will be sent to all users that were affected by the hack.”

Investors are cautioned to be aware of any false communication, mainly those that ask customers to take swift action in relaying personal information such as wallet addresses and passwords.

Rare Bears, a newly established non fungible token (NFT) initiative, was also hacked on the 18th of March, leading to the loss of over $800,000 worth of NFTs.

Recently, commercial banks are not the only financial institutions witnessing breaches. Crypto and NFT custodial wallets are now the targets of hackers and internet fraudsters. Investors are advised to safeguard their details and beware of fake messages from individuals claiming to be from the company.

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