Coinbase offers $20 million bounty for arrest of extortionists.

Summary

Coinbase has launched a $20 million bounty for information leading to the arrest of extortionists who attempted to steal customer data. Instead of paying a ransom, the company is taking a stand against cybercriminals. The attack involved insider threats, but Coinbase assures that no sensitive data was compromised. Other cyber incidents reported include a major attack on Nucor, customer data breaches at Marks and Spencer, and a follow-up on the Co-op’s recovery from a cyberattack.

Source: Coinbase Article

Key Points

  • Coinbase is offering $20 million for tips leading to the arrest of extortionists involved in a customer data breach.
  • The company faced insider threats but confirmed that passwords and funds were safe.
  • North Carolina’s Nucor steel manufacturer revealed a cyberattack that has affected its operations.
  • Marks and Spencer confirmed customer data was stolen in a ransomware attack, advising caution against phishing attempts.
  • Co-op is recovering from a cyberattack that disrupted supplies and affected their membership data.
  • The US DOJ has charged twelve individuals linked to a $263 million cryptocurrency theft scheme.
  • Microsoft fixed five zero-day vulnerabilities during the latest Patch Tuesday.

Why should I read this?

If you’re into crypto or just keen on staying informed about cybersecurity trends, this article dives into a significant act of defiance against cybercriminals and highlights crucial ongoing threats in the industry. It’s like a crash course on what’s really happening out there in digital security—so read on and stay safe!