Nansen under attack, 7% user data compromised – Here’s all you need to know

TL;DR Breakdown

  • Nansen, one of the most trusted crypto data providers, has suffered a security breach, one that could damage the crypto industry at great length. 
  • An initial investigation revealed that 6.8% of the company’s user base had their email addresses compromised.
  • Nansen is well-known for serving several Fortune 500 companies and other industry leaders.

Description

Nansen, the blockchain analytics platform widely trusted for its insights and data-driven solutions, has experienced a cybersecurity attack. The breach report sent shockwaves through the company’s user base.  The well-known crypto and blockchain analytics firm announced on the social networking platform X that one of its third-party vendors had a security compromise that affected 6.8% … Read more

Nansen, the blockchain analytics platform widely trusted for its insights and data-driven solutions, has experienced a cybersecurity attack. The breach report sent shockwaves through the company’s user base. 

The well-known crypto and blockchain analytics firm announced on the social networking platform X that one of its third-party vendors had a security compromise that affected 6.8% of its customers. 

According to Nansen, the security breach provided hackers with administrative access to an account used to “provision customer access” to its platform. Meanwhile, one of the company’s third-party vendors informed the company on September 20 that their systems had been infiltrated.

Nansen user data under hacker’s mercy

According to reports, the breach allowed unauthorized access to a critical account responsible for granting consumer access to Nansen, raising concerns about the security of user data.

Nansen’s ordeal started when one of its trusted third-party vendors fell victim to a cyberattack, resulting in unauthorized access to a customer access provisioning-critical administrator account. While swift action was taken to stop the breach and initiate an investigation immediately, this incident continues to have repercussions.

An initial investigation revealed that 6.8% of the company’s user base had their email addresses compromised. A smaller subset of password hashes and blockchain addresses were also exposed, according to the report.

The affected vendor, which is well-known for serving several Fortune 500 companies and other industry leaders, must now disclose the breach to the public. According to Nansen, this would assist in notifying other potentially affected organizations.

Nansen stated that it has identified and notified all affected users, requesting that they change their credentials. It also clarified that the event had no effect on wallet funds. 

Yesterday, some Nansen users tweeted that they had received an email alert from the company.

This precautionary measure is critical in protecting user accounts from any brute-force attacks perpetrated by hostile individuals.

The company stated that it is conducting a comprehensive investigation with the vendor and external legal counsel and that it is “committed to communicating as transparently as we can with our users.”

What comes next for Nansen and its customers?

Nansen urged both afflicted and unaffected users to remain vigilant against phishing attempts. In addition, it stated that authenticating the sender’s identity for all communications purporting to come from Nansen is essential to thwart potential phishing attempts.

The data firm asserts that it will always prioritize the security and privacy of its consumers. The company has launched a comprehensive investigation, working closely with the affected vendor, external legal experts, and cybersecurity specialists to determine the fundamental causes of the data breach and ensure that similar incidents do not reoccur.

The company has pledged to communicate transparently with its user base, acknowledging their concerns and endeavoring to provide a safe and secure environment. Users with queries or concerns are encouraged to seek clarification from the company.

Meanwhile, Nansen assures its users that the security of their information and assets remains a top priority.

Nansen is a well-known resource in the crypto field, providing on-chain data on many of the industry’s main participants.  In May, the company was one of many that suffered the consequences of the ongoing bear market and laid off about 30% of its workers. 

In a recent interview, Alex Svanevik, CEO of Nansen, stated that he expects a protocol will exist in the future that strikes a compromise between blockchain transparency and user privacy while remaining compliant with authorities.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Nansen under attack, 7% user data compromised – Here’s all you need to know

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年9月23日 14:10
Next 2023年9月23日 15:25

Related articles

  • G20 roars: Reformed World Bank to take center stage

    TL;DR Breakdown The G20 summit in New Delhi emphasized the need to reform and expand the mandate of multilateral lenders, notably the World Bank. Narendra Modi, India’s Prime Minister, advocated for stronger multilateral development banks. The G20’s focus on these reforms is partly due to Western states’ efforts to connect with developing countries, especially amid geopolitical issues involving Russia and Ukraine. Description The ground has shifted in the power corridors of global finance. The recent G20 summit held in New Delhi witnessed a strong push for expanding the scope and influence of multilateral lenders, primarily the World Bank. The audacious voices from influential corners of the globe are clamoring for transformative changes that could redefine global financial … Read more The ground has shifted in the power corridors of global finance. The recent G20 summit held in New Delhi witnessed a strong push for expanding the scope and influence of multilateral lenders, primarily the World Bank. The audacious voices from influential corners of the globe are clamoring for transformative changes that could redefine global financial dynamics. A Revamped Global Financial…

    Article 2023年9月11日
  • Are gamers right to hate blockchain? A close look

    Description The dialogue surrounding blockchain-based gaming has been deafening. With its lofty promises of upending the gaming industry’s status quo and providing players with unparalleled autonomy, it’s no wonder that blockchain enthusiasts are singing its praises. Yet, the glaring question remains unanswered: If it’s so transformative, why aren’t we all reveling in this new age of … Read more The dialogue surrounding blockchain-based gaming has been deafening. With its lofty promises of upending the gaming industry’s status quo and providing players with unparalleled autonomy, it’s no wonder that blockchain enthusiasts are singing its praises. Yet, the glaring question remains unanswered: If it’s so transformative, why aren’t we all reveling in this new age of gaming? Could the answer lie with gamers – the very group this revolution aims to empower? Gamers vs. Blockchain: An Unexpected Standoff Every corner of the internet, especially gaming subreddits, is filled with opinions about blockchain, cryptocurrency, and NFTs. And let’s be brutally honest here: Not all of it is good. In fact, most of it is downright disdainful. A browse through these platforms paints blockchain…

    Article 2023年9月3日
  • BlackRock hails AI as the ‘mega force’ for heavy returns

    TL;DR Breakdown BlackRock, which oversees $10 trillion in assets, has called artificial intelligence a “mega force” that might boost returns in today’s “unusual” market. BlackRocks’ AI focus stands at the advantages of automation while underscoring that AI would have adverse negative effects on white-collar jobs. BlackRock said the extent of the concentration of gains on the S&P 500 surpassed levels seen in the 2000s tech boom. Larry Fink speculates that “transformative opportunities” in artificial intelligence could resolve the productivity crisis he attributes to persistently high inflation. Description Global investment titan BlackRock, which administers approximately $10 trillion in assets, has declared artificial intelligence a “mega force” that has the potential to generate significant returns for investors in today’s “unusual” market. In its midyear outlook report, the BlackRock Investment Institute outlined its thesis for increased investment in artificial intelligence, citing multiple “disruptive” themes that … Read more Global investment titan BlackRock, which administers approximately $10 trillion in assets, has declared artificial intelligence a “mega force” that has the potential to generate significant returns for investors in today’s “unusual” market. In its midyear…

    Article 2023年7月2日
  • Canadian economy expansion expected to slow down in Q2

    TL;DR Breakdown The second-quarter GDP report of Canada is poised to unveil a substantial deceleration in economic expansion. A deceleration in economic growth may temporarily lead the Bank of Canada to halt interest rate hikes. Description The Canadian second-quarter GDP report is poised to unveil a substantial deceleration in economic expansion as of upcoming Friday’s release, as outlined by economists’ forecasts. This abrupt shift in momentum could potentially impact the stance of the Bank of Canada regarding its interest rate elevation strategy despite recent inflation data displaying a consistent upward trajectory.  … Read more The Canadian second-quarter GDP report is poised to unveil a substantial deceleration in economic expansion as of upcoming Friday’s release, as outlined by economists’ forecasts. This abrupt shift in momentum could potentially impact the stance of the Bank of Canada regarding its interest rate elevation strategy despite recent inflation data displaying a consistent upward trajectory.  The projection suggests that the economy will have expanded at a rate of 1.1% during the second quarter, a noteworthy decline from the preceding quarter’s growth rate of 3.1% and falling…

    Article 2023年8月28日
  • India leads G20 in active discussions for global crypto framework

    TL;DR Breakdown Under India’s presidency, the G20 nations are actively discussing the creation of a global framework for regulating cryptocurrencies, with contributions from global organizations like the IMF, FSB, and OECD. Indian Finance Minister Nirmala Sitharaman and Prime Minister Narendra Modi have emphasized the need for a unified approach to regulating cryptocurrencies, describing them as both a “threat and an opportunity.” India has been a leading voice in these discussions since taking over the G20 presidency in the last quarter of 2022, and the country is also showing a rising interest in blockchain technology. Description The G20 countries, under India’s presidency, are actively discussing the creation of a global framework for regulating cryptocurrencies. Indian Finance Minister Nirmala Sitharaman confirmed the ongoing discussions during the Global Fintech Fest on September 5, emphasizing the need for a unified approach to this emerging asset class. India’s role in shaping global crypto policy India … Read more The G20 countries, under India’s presidency, are actively discussing the creation of a global framework for regulating cryptocurrencies. Indian Finance Minister Nirmala Sitharaman confirmed the ongoing discussions…

    Article 2023年9月6日
TOP