Nansen third-party vendor suffers security breach, user data affected

Prominent crypto and blockchain analytics company Nansen posted on social media platform X (formerly Twitter) that one of its third-party vendors suffered a security breach affecting 6.8% of its users.

According to Nansen, the breach gave hackers access to admin rights for an account used to “provision customer access” to its platform.

Without directly naming the company affected, it said this vendor is “an established company that is used by many Fortune 500 companies,” along with other companies in the industry, to manage data. 

The users affected by the breach reportedly had their email addresses exposed, along with some password hashes, and some had their blockchain addresses compromised.

Nansen said it has identified and informed those affected and asked all to change their passwords. It also clarified that wallet funds were unaffected by the event. 

Related: PayPal’s PYUSD struggles with early adoption — Nansen

Nansen is a prominent resource in the crypto space and provides on-chain analytics about many of the industry’s major players. 

In a recent interview with Cointelegraph, Nansen CEO Alex Svanevik said that he believes in the future, a protocol will exist that creates a balance between blockchain transparency and user privacy and is compliant with regulators.

In May, the company was among many suffering the effects of the ongoing bear market, laying off around 30% of its workforce.

Magazine: How to protect your crypto in a volatile market: Bitcoin OGs and experts weigh in

Source: Read Full Article