Summary Points
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Data Breach Fallout: Ledger disclosed a data breach at its partner Global-e, exposing customer details such as names and email addresses, which scammers exploited in a phishing campaign.
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Targeted Phishing Scheme: Cybercriminals sent emails falsely announcing a merger between Ledger and Trezor, asking users to enter their wallet recovery phrases on a fake website.
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Ongoing Investigation: Global-e is actively investigating the breach with cybersecurity experts, while Ledger has notified relevant authorities and is cooperating with law enforcement.
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History of Vulnerabilities: This incident highlights Ledger’s ongoing security challenges, following previous breaches in 2020 and a recent theft of $600,000 in cryptocurrency.
Ledger Users Targeted in Phishing Scam Following Global-e Data Breach
Cybercriminals recently initiated a phishing campaign aimed at users of Ledger, a well-known cryptocurrency hardware wallet manufacturer. This attack follows a data breach at Global-e, Ledger’s third-party e-commerce partner.
On January 5, Ledger informed its customers that personal information, such as names and email addresses, had been exposed in the breach. Consequently, affected users soon began receiving fraudulent emails that falsely claimed a merger between Ledger and Trezor. Screenshots of these messages quickly spread on social media.
The phishing emails read, “We are pleased to announce that after months of strategic discussions, Ledger and Trezor have finalized a merger agreement.” This message emphasized accelerated innovation and expanded product offerings. However, it misled recipients into providing their 24-word recovery phrases on a counterfeit website.
In response to the phishing scam, Global-e has initiated an internal investigation. The company is collaborating with cybersecurity experts to determine the breach’s extent and has not yet revealed how many customers were affected.
Ledger has also taken action by notifying relevant data protection authorities. Additionally, they are cooperating with law enforcement to address the situation.
This incident adds to the troubling history of data breaches involving Ledger. In 2020, a significant breach exposed the personal data of numerous users. Although the company faced criticism during that incident, they emphasized their commitment to enhancing security measures.
As technology continues to evolve, such scams highlight the importance of cybersecurity. Companies must invest in better security protocols to protect user data while fostering innovation in the digital asset space.
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