Expert Commentary: Ledger Suffered Data Breach, Names, Phone Numbers, Postal Addresses Leaked

France-based major hardware wallet provider Ledger has admitted it suffered a data breach on June 17 that appears to have allowed a “third party” access to at least 1 million of its users’ contact details. The firm took to Twitter to state that its marketing and e-commerce database was compromised through a third party’s API key that was misconfigured on their website, exposing its customers’ contact details and order information, although Ledger claimed that there was no spill of crypto holdings or client transaction information.


EXPERTS COMMENTS
Chris DeRamus , VP of Technology Cloud Security Practice,  Rapid7
July 31, 2020
To ensure that a company database is secured, businesses should have Identity Access Management (IAM) governance in place.
Cryptocurrency is an incredibly sensitive industry when it comes to data breaches. Although Ledger has reported that payment info, passwords, and cryptocurrency funds were not affected, it will affect customer trust knowing their personal data was left unprotected. It is crucial to ensure that all sensitive information - from email addresses to cryptocurrency funds - is secure and kept out of the ....
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