Blockchain-based lending company Figure Technology suffered a data breach by hackers who manipulated an employee through a social engineering attack. The attackers obtained a limited number of files; the ShinyHunters group published approximately 2.5 gigabytes of data on a dark web site after their ransom demand was rejected. Samples reviewed by TechCrunch include customers’ full names, home addresses, dates of birth, and phone numbers; this information can be used for identity fraud and phishing.
Figure Technology Social Engineering Attack Details
Social engineering is a method where hackers target human psychology instead of technical vulnerabilities. ShinyHunters tricked a Figure employee to gain access and has previously conducted similar attacks on platforms like LinkedIn and Twitter. This breach highlights human-focused security vulnerabilities in blockchain companies.
Risks of Data Leaked by ShinyHunters
The leaked 2.5 GB of data contains sensitive customer information: full names, addresses, dates of birth, and phone numbers. This data facilitates identity theft, spear-phishing, or fraud. Users should regularly monitor their credit reports and change their passwords.
- Detected risk: Identity fraud
- Possible use: Phishing campaigns
- Recommendation: Enable 2FA
Company Confirmation and User Precautions
A company spokesperson confirmed the incident to TechCrunch, stating that affected individuals have been notified and free credit monitoring services are being offered. The number of affected users or detection date was not disclosed. Figure went public on Nasdaq last year, raising $787.5 million at $25 per share.
Figure OPEN Platform and Cryptocurrency Market Connection
Last month, it launched the On-Chain Public Equity Network (OPEN) platform on the Provenance blockchain, enabling direct trading of company shares. This development could shake confidence following the data breach. For similar blockchain projects, check ALT detailed analysis. In the market, ALT price is 0.01 USD, 24h +6.01% change in downtrend; support S1 0.0089 USD (strong, 71% score). Resistance R1 0.0094 USD. For ALT futures, RSI 41.92 giving bearish signal, below EMA20 0.0094. Follow ALT chart analysis.
Source: https://en.coinotag.com/figure-technologies-data-breach-shinyhunters-leaked-25-gb