Cybersecurity
Coinbase Hack Highlights How Greed Can Overwhelm Cyber Defenses
Coinbase now expects to pay up to $400 million to resolve the incident, the company said in a filing with the US Securities and Exchange Commission.
Photographer: Tiffany Hagler-Geard/BloombergFollowing cybersecurity best practices doesn’t always protect against human greed.
Scammers again proved that to be true by bribing Coinbase Global Inc. representatives based in India to steal customer data from the cryptocurrency company and then demanding a $20 million ransom.