Over 533 million facebook records were just leaked on a well-trafficked hacking forum earlier today. This caused potential risk to cryptocurrency traders and holders who might be vulnerable to sim swapping and other identity-based attacks.
CTO of security firm Hudson Rock Alon Gal has posted on Twitter about the leak,
According to Gal, the leak is like a security vulnerability that happened in 2019. More so, in January 2021, it became known that hackers were able to use the data to access user’s phone numbers.
More so, the leak has now expanded to Phone number, Facebook ID, Full name, Location, Past Location. Also, Birthdate, Email Address, Account Creation Date, Relationship Status, Bio. However, the data could allow hackers and scammers to dispatch a variety of social manipulation exploits and other foul tactics.
“Bad actors will certainly use the information for social engineering, scamming, hacking and marketing.”
Earlier this year, a victim of a sim-swapping attack sued mobile phone firm T-Mobile for $450,000. Moreover, in 2018 Kaspersky Labs found that attackers were able to steal 21,000 ETH, currently worth over $43 million, in social engineering attacks over a period of 12 months.
In addition, the data breach is also orders of magnitude larger than the Ledger breach late last year. Shortly after more than 270,000 users’ data was leaked online, users reported extortionist threats, and intended lawsuits against the hardware wallet firm. Cryptocurrency users are at particular risk due to such attacks.