Coinbase Hack Exposes 3 Insider Threat Enablers. ByNoah Barsky. Follow Author. Share. Save. ... but often does little to address rising insider threats and basic internal control failures.

Coinbase rocked by $400M insider hack, launches $20M global bounty to hunt attackers. ... The attack came to light after an unknown threat actor emailed Coinbase on May 11.

Read below to see how Web3 reacted to this week’s revelation of the Coinbase (NASDAQ:COIN) hack. “The Coinbase attack proves why centralized systems keep failing – they offer no resilience ...

To reduce future risk, Coinbase is moving to open a U.S.-based support hub, adding new withdrawal safeguards, and increasing investment in insider threat detection.

Yesterday, Michael Arrington, a well-known investor and founder of TechCrunch, publicly posted on X that he worries the cost to Coinbase will be greater than $400 million. Arrington stated: “I ...

It is also hardening its defenses by increasing investment in insider-threat detection and automated response, as well as simulating similar security threats to identify potential vulnerabilities.

Coinbase was hacked on May 11, exposing sensitive personal data of less than 1% of users. Crypto traders should go the extra mile to enhance the security of their accounts.

Coinbase also implemented extra customer safeguards, such as requiring additional ID checks on large withdrawals for flagged accounts and showing scam-awareness prompts to these accounts, the company ...

Coinbase, the Nasdaq-traded crypto exchange, has admitted to a hack linked to employees and contractors based outside the US, bribed by attackers to provide inside information. The attack will ...