Transak Discloses Ransomware Hack As Stormous Claims Responsibility

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Fiat-to-crypto payment gateway Transak was reportedly the victim of a hack on October 20 by ransomware collective Stormous, putting thousands of users’ data at risk.

“We have recently identified that an attacker gained unauthorized access to one of our employee’s laptop through a sophisticated phishing attack,” the crypto company’s statement read. “Using the compromised credentials, the attacker was able to log in to the system of a third-party KYC vendor that we use for document scanning and verification services. As a result, the attacker gained access to specific user information stored within the vendor’s dashboard.”

According to Transak, the attacker gained the names, dates of birth, ID documents, and user selfies of over 92,000 customers during the hack. However, no financially sensitive information was compromised—including credit cards, Social Security Numbers, email addresses, phone numbers, and passwords.