YouHodler Crypto Loan Platform Affected By Data Leak of Customer’s Credit Card Details
- YouHodler has been affected by a data leak releasing private information about users
- Companies must take users’ data more seriously if they want to attract more customers
The cryptocurrency loan site YouHodler has been affected by a data leak. According to the security researchers Noam Rotem and Ran Locar, the company was affected by this data leak that resulted in customers’ data such as credit cards and user transactions to be available to hackers or malicious parties.
YouHodler Affected By Data Leak
YouHodler, a lending platform that was designed for virtual currencies and that processed $10 million in loans to over 3,500 customers around the world, has been affected by a new data leak. According to TechCrunch that received the information from the aforementioned researchers, the database that got leaked contained 86 million lines of daily updating records of its users.
With the information released it is possible for malicious entities to make fraudulent card purchases, including names, transaction amounts, and also credit card numbers, among other things. It is worth mentioning that none of this data was indeed encrypted. Other data included banking records with names, addresses, accounts, and routing numbers.
The researchers have also informed that there was also data about passports and more. Thus, they inform that the database makes stealing a users’ identity a simple task.
During the last weeks, there were several firms that exposed data from users. One of them is Tech Data that exposed information about user records and private messages that individuals sent on the Jewish dating application JCrush.
As reported by vpnMentor, this leaked data could have serious consequences. On the matter, vpnMentor explained:
“Any platform that stores credit card data should be taking several security precautions. If YouHodler only stored the BIN and last four digits of user credit cards, there wouldn’t be as much of an impact in this regard.”
In addition to it, the cryptocurrency exchange QuickBit leaked information of 2% of its users, which includes personal data, names, addresses, emails and more.