One of the largest Bitcoin ATM operators in the United States, announced that personal data of thousands of customers was compromised in a recent security breach.
Hackers Exploit Vulnerability in Third-Party Software The Florida-based company reported the breach to Maine’s attorney general, confirming that hackers had gained unauthorized access to the personal data of 58,000 users. The stolen information includes sensitive details such as names, addresses, phone numbers, government-issued IDs, Social Security numbers, transaction histories, and user photographs. The breach, which occurred on September 30, went unnoticed until November 18, when Byte Federal discovered the intrusion. According to the company’s investigation, the hackers exploited a vulnerability in third-party software, specifically in the popular developer platform GitLab. This exploit allowed the intruder to access the company’s internal network, compromising customer data stored across its systems.
Company Responds with Security Measures In response to the breach, Byte Federal has reset all affected customer accounts and updated its internal security protocols, including changing passwords and conducting a full review of its systems. The company, which operates more than 1,200 Bitcoin ATMs across the U.S., assured customers that it is working diligently to prevent further breaches.
A Growing Concern for Cryptocurrency Services The breach raises concerns about the security of cryptocurrency-related services, which have become increasingly popular for digital currency transactions. While Bitcoin ATMs offer users a convenient way to buy and sell cryptocurrency, incidents like these highlight the potential risks associated with personal data security in the rapidly evolving tech landscape.
For further details on the breach and Byte Federal’s response, visit TechCrunch’s full coverage.