Author/Source: HotforSecurity See the full link here
Takeaway
This article explains how a former Coinbase employee was arrested for sharing customer information with criminals. You’ll learn how this insider helped fraudsters steal millions of dollars in digital money from people’s accounts.
Technical Subject Understandability
Beginner
Analogy/Comparison
This is like a store employee secretly giving customer addresses and phone numbers to robbers so they can break into homes.
Why It Matters
This story shows how important it is for companies to protect your personal information and how dangerous it can be when someone from inside a company misuses it. The article states that the insider’s actions were part of a scheme that caused over $100 million in losses of digital assets from users.
Related Terms
Phishing attack, cryptocurrency exchange. Jargon Conversion: A phishing attack is when criminals trick people into giving up personal information, like passwords, often through fake messages or websites. A cryptocurrency exchange is a website or service where people can buy, sell, or trade digital money like Bitcoin.
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