Byte Federal Bitcoin ATM Hacked, Affects 58,000 Users

Bitcoin ATM Hacked: 58,000 Users at Risk at Operator Byte Federal

Bitcoin ATM Hacked

Byte Federal, one of the largest Bitcoin ATM operators in the United States, recently experienced a significant data breach affecting approximately 58,000 customers. The breach was detected on November 18, but the initial compromise occurred on September 30. In a notice to the Attorney General, Byte Federal said that "a bad actor" gained unauthorized access to one of their servers by exploiting a vulnerability in software provided by GitLab, a third party software platform. Following the discovery, the platform was shut down and the compromised server secured, while their security practices were enhanced and their users notified.

Cause of the Bitcoin ATM Hack

Bitcoin ATM Hackers exploited a vulnerability in GitLab, a third-party software platform widely used for project management and collaboration. This allowed unauthorized access to Byte Federal's systems, exposing sensitive personal information of customers.

Data Exposed in Bitcoin ATM Hacking

The compromised data included customer names, addresses, phone numbers, Social Security numbers, government-issued IDs, transaction details, and even user photos. Fortunately, no funds or assets were reported stolen.

Bitcoin ATM Hacked Byte Federal Response

Byte Federal responded swiftly by performing a hard reset on all customer accounts to prevent further issues. The company also updated internal security measures, including passwords, management systems, tokens, and keys. An independent cybersecurity team was engaged to conduct a comprehensive forensic investigation. Byte Federal is collaborating with law enforcement and has set up a dedicated helpline for affected customers. The company is offering support through its customer service team and recommending users reset their login credentials. Users are also advised to monitor their account statements and credit reports for suspicious activity. Byte Federal is collaborating with law enforcement and has set up a dedicated helpline for affected customers. The company is offering support through its customer service team and recommending users reset their login credentials1. Users are also advised to monitor their account statements and credit reports for suspicious activity.

Bitcoin ATM Hacked: CEO Statement

Paul Tarantino, CEO of Byte Federal, expressed the company's commitment to safeguarding personal data and apologized for the inconvenience caused by the breach. "We take our responsibilities to protect your personal data very seriously," Tarantino stated. "We are deeply troubled by this situation and are doing everything in our power to address it."

This video also shows that even Bitcoin is Vulnerable to Hackers. Protect yourself.

These Bitcoin ATM Hacked and Bitcoin theft incidents highlights the ongoing battle against internet security threats targeting financial platforms. As Bitcoin ATMs grow in popularity, the need for robust internet security measures becomes even more crucial. Byte Federal's swift response and ongoing efforts to secure user data are commendable steps towards mitigating the impact of such breaches.

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