BlockFi, the New Jersey-based crypto-financial company, has verified an incident of Data Breach by one of its 3rd party vendors, Hubspot. As per the announcement, the hackers were able to breach BlockFi’s user data on March 18, Friday, which was stockpiled on the client relationship management platform Hubspot.
From a historical perspective, wrong people have used these credentials to conduct phishing attacks and gain unauthorized access to the accounts using user-provided passwords. Right now, BlockFi is supporting the investigation of Hubspot in order to articulate the overall effect of the data breach. The exact detail of this data breach has not been officially identified and revealed yet, but BlockFi has assured their users that their personal data, including government IDs, social security numbers and passwords, was not stored at Hubspot.
Additionally, the crypto-financial company has also confirmed that the data breach is limited to its third-party vendor Hubspot and the hackers have not accessed their client funds and internal system. Furthermore, the company has recommended its users to use four methods that can help them protect their online presence from any bad influence —- two-factor authentication (2FA), vigilance against scammers, good password hygiene, and allowlist trusted applications.
In the end, BlockFi has admitted that time is of vital importance, and they are accelerating the process of investigation to help them find out the extent of the breach. Also, on Friday, another recently launched NFT platform, “Rare Bears”, faced an attack where they lost around 800000 dollars worth of NFTs.