Binance and Kraken have successfully defended themselves against a recent social engineering hack attempt. As reported by Bloomberg, both cryptocurrency exchanges faced similar threats to those encountered by Coinbase, but managed to protect customer data from being compromised.
Key Points
- Binance and Kraken were targeted but repelled social engineering attacks without compromising user data.
- Both exchanges’ security measures thwarted attempts similar to those that affected Coinbase recently.
- Criminals are increasingly targeting crypto firms as digital asset values rise, with a notable increase in related attacks.
- Coinbase recently revealed it faced a data breach leading to an extortion attempt, raising concerns in the industry.
- Social engineering fraud has increased by 56% in the past year, highlighting the need for robust security measures.
Why should I read this?
If you’re invested in the crypto world or just curious about current events, this article highlights the pressing issue of cyber threats facing major exchanges. It’s a crucial read for anyone wanting to understand how well-prepared our digital currency ecosystems are against malicious attacks. You wouldn’t want to miss out on knowing which exchanges are standing strong in these trying times!