The network sells Razer data for $100,000 in Monero (XMR)
Date: 2023-07-11 Author: Karina Ziganova Categories: BLOCKCHAIN, CRYPTO PAYMENTS
The hacker demanded $100,000 in cryptocurrency for source code and login details stolen from the US-Singapore gaming technology company Razer.
Stolen data, including the company's digital wallet data? put up for sale on a hacker forum on Saturday, July 8. The attacker claims to have gained access to more than 400,000 Razer Gold accounts. He noted that any transactions should be carried out using Monero (XMR) - a cryptocurrency with an emphasis on anonymity.
The Razer team said it was aware of the potential hack and was investigating. However, it is not yet known whether customers' payment data has been affected.
"We have become aware of a possible hack and are currently investigating," Razer said in a statement.
The second major hack
In 2020, Razer faced a similar security issue that saw personal information relating to more than 100,000 of its customers exposed due to a "misconfiguration" of the server. This happened when an employee of the IT firm Capgemini accidentally disabled a number of security settings.
Among the data disclosed were names, email addresses, phone numbers, order details, and billing and shipping addresses. Experts suggest that the data obtained could be used for phishing attacks.
At the time, the Razer team said it had found and fixed the problems in a matter of days, but still sued Capgemini for $6.5 million in damages.
How much has the crypto industry lost
According to SlowMist analysts, the crypto industry has lost more than $30 billion in 11 years due to hacker attacks. At the same time, more than 30% of this amount - $ 10.95 billion - was stolen from centralized exchanges.
In total, since 2012, crypto exchanges have managed to survive 118 hacks. The two most significant exploits occurred in 2021, accounting for almost $5 billion of the total losses. Most often, attacks were carried out during bullish market cycles.
