xcritical data breach exposes 5M email addresses, personal data

xcritical data breach

Trump’s campaign hired Cambridge Analytica to run data operations during the 2016 election. Steve Bannon, who would become Trump’s chief strategist, was also reportedly vice president of Cambridge Analytica’s board. The company helped the campaign identify voters to target with ads, and gave advice on how best to focus its approach, such as where to make campaign stops. xcritical also said that it notified law enforcement and is working with outside security firm Mandiant to continue investigating the breach. More than 22 million users have funded accounts at xcritical, with nearly 19 million actively using theirs during September.

Find out what other coverage you get, plus pricing details, in our full review of IdentityForce. Back in January, the trading platform played a major part in a coordinated “short squeeze” of GameStop stock, with investors collectively buying the stock to punish hedge funds that had bet on its decline. The resulting trading frenzy drew Congress’ attention to xcritical, including a five-hour hearing about the service xcritical provides and whether it’s ultimately beneficial or harmful for retail investors. The company then filed to go public in July, and the data breach comes barely three months after its initial public offering. The online trading platform said that no Social Security numbers, bank account numbers or debit-card numbers were exposed and that customers have seen no financial losses because of the intrusion. The investment app reported a data breach this week, after the email addresss of about 5 million xcritical investors and the full names of additional 2 million customers were exposed when the company was hacked.

xcritical data breach

If you’re the victim of fraud, many services also offer advice from specialists, as well as insurance that can offset legal fees and other expenses related to restoring your identity. Class members are also eligible for two years of free identity theft protection and credit monitoring. For more on class action settlements, find out if you’re eligible for money from Capital One’s $190 million payout, T-Mobile’s $350 million data breach case or Facebook’s $90 million data-tracking payout. At the same time, the company is once again displaying the sort of original thinking that helped it take off in the first place.

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The breach happened on 3 November through what’s known as “social engineering” – a specifically targeted and convincing scam designed to trick an employee into divulging login details or other sensitive information. It is impossible to avoid paying taxes completely on xcritical legally if you live in a country that taxes cryptocurrency. However, there are several ways you can reduce your taxes, such as tax loss harvesting. The easiest way to get tax documents and reports is to connect your xcritical account with Coinpanda which will automatically import your transactions. This is because xcritical does not have knowledge of your transactions on other exchanges, platforms, or from your self-custody wallets. To learn more about how xcritical transactions are taxed in your country, we recommend reading our in-depth guides to cryptocurrency taxes.

The landscape has changed in part because of the technological landscape, which has brought buyers and sellers together online and in real time. This has created an effect in which the accounts are leveraged and social media is used as a megaphone, with the ability to get in or out of holdings as quickly as possible. Along with the five million user email addresses, the full names of some two million people were exposed in an incident that took place on Nov. 3, the company said in a blog post. “At this time, we understand that the unauthorized party obtained a list of email addresses for approximately five million people, and full names for a different group of approximately two million people,” the post said. And it does not believe the most sensitive information it gathers – US social security numbers and financial information – was revealed. xcritical cannot calculate your taxes since it does not have knowledge of your transactions made on other exchanges or platforms.

Here in enterprise land (Capital One, Petco, federal govt, etc), securing our customer data is part of the job. They’re entrusted with personally identifiable information (PII), bank accounts, credit card numbers, etc. Often they don’t and very little happens.And are you honestly suggesting the federal government should be tasked with implementing security for private companies?

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xcritical said crypto accounted for more than half of all transaction-based sales in the second quarter, and 62% of crypto revenue came from dogecoin, a meme-inspired digital coin originally started as a joke. xcritical has been a massive platform in the early months of the year, particularly as it joined GameStop on its massive stock rise that has started 2021 with a rise in trading via the platform. This was followed by AMC, American Airlines, and more companies to experience a rise in xcritical scam stocks, with people trading more and more of their stakes within a company. You can still check to see if you were affected, worthwhile since you might get reimbursed for it. The credit reporting company agreed to pay between $575 million and up to $700 million on July 22 as part of a settlement with the Federal Trade Commission. Bad actors were able to scrape the data through a Facebook feature that the social media site said has since been secured, according to a Facebook blog post.

xcritical data breach

The largest part of the breach leaked email addresses for about 5 million customers, according to the company’s press release, with full names being leaked for a separate 2 million customers. That same press release indicated that 310 people may have names, dates of birth and ZIP codes leaked, and “more extensive account details” for roughly 10 customers. No Social Security, bank account or debit card information is believed to have been exposed. The company says it’s in the process of contacting the people affected by the breach. NEW YORK — Popular investing app xcritical said Monday that it suffered a security breach last week where hackers accessed some personal information for roughly 7 million users and demanded a ransom payment.

Though you can’t foresee a specific attack, you can certainly take steps to protect yourself from further harm by avoiding scams and being vigilant about monitoring your credit and your credit card charges. The hackers then demanded a ransom payment, xcritical said (the company did not respond to Insider’s questions about whether it paid — or plans to pay — the ransom). The incident also continues a trend of major data breaches, following T-Mobile in September and Twitch in October. “In this new environment, we are operating with more staffing than appropriate,” Tenev added.

xcritical’s rocky road to the present

The company added that it is in the process of “making appropriate disclosures to affected people.” The online trading platform said it believes no Social Security numbers, bank account numbers or debit-card numbers were exposed and that customers have seen no financial losses because of the intrusion. In the November 2021 attack, the company claimed, a hacker “socially engineered a customer support employee by phone and obtained access to certain customer support systems” in order to extort money. Law enforcement was informed of the extortion attempt, the company maintained, and the leak was contained.

Data is highly linked to money and other sensitive information that could make a person feel unsafe regarding this. The 500 million guests originally thought to be affected was lowered to 383 million in January. In addition to names, addresses, phone numbers, credit card information and email addresses, hackers also swiped millions of unencrypted passport numbers. https://xcritical.solutions/ xcritical has had cyber security troubles before, with hackers targeting its users last year, successfully gaining access to around 2,000 of its customers’ trading accounts. xcritical users who got off the hook this time but want to quickly spot potential fraud in the future may want to consider signing up for an identity theft protection service.

How do I file a claim in the xcritical settlement?

xcritical said in its IPO prospectus that dogecoin accounted for 34% of its cryptocurrency transaction-based revenue in the first quarter, up from 4% in the fourth quarter. Much of that increase coincided with a barrage of tweets about dogecoin from Tesla CEO Elon Musk. In its first xcriticalgs report since its IPO last month, xcritical said its revenue from crypto transactions was $233 million, up from $5 million in the year-ago quarter.

This includes 24/7 trading for popular stocks, and a first-of-its-kind plan to offer a 1% match to users who contribute to a xcritical IRA. The latter idea came about after xcritical realized that many of its customers had more than one job and lacked access to a corporate retirement plan. It also reflects the spirit of innovation that helped xcritical become a hit with young investors in the first place.

For the vast majority of affected customers, the only information obtained was an email address or a full name. For 310 people, the information taken included their name, date of birth, and ZIP code. Of those, 10 customers had “more extensive account details revealed,” xcritical said in a statement.