58K Bitcoin ATM Users at Risk After Major Hack

Crypto News Exploits

Byte Federal Breach: 58K Bitcoin ATM Users at Risk After Major Hack

Written by Aaron S.,

Editor-In-Chief

Last Updated: December 12, 2024

Key Takeaways

Byte Federal suffered a cyberattack exposing sensitive data of 58,000 users, linked to a third-party software vulnerability;
The company implemented account resets, stricter security measures, and a forensic investigation to address the breach;
Customers were urged to update credentials and verify details as Byte Federal works to ensure their data's safety.

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Byte Federal Breach: 58K Bitcoin ATM Users at Risk After Major Hack

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A cybersecurity breach recently targeted Byte Federal, a Bitcoin BTC $87,419.53 ATM provider in the United States, potentially exposing sensitive information belonging to around 58,000 customers.

Although the attack occurred on September 30, Byte Federal only became aware of it on November 18.

The Florida-based company informed Maine’s attorney general on December 12 about the hack, which reportedly originated from unauthorized access to sensitive client details. The breach was traced back to a software vulnerability linked to a third-party provider.

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Once identified, Byte Federal disabled its systems to secure operations. The company also emphasized that no customer funds or assets were affected.

However, an investigation revealed that the cybercriminals targeted various forms of personal data, compromising names, birthdates, contact information, transaction records, government IDs, and user photographs.

While no evidence has surfaced, Byte Federal has taken a cautious approach to address customer concerns. Byte Federal enlisted an independent cybersecurity firm to conduct a thorough forensic analysis of the incident’s causes.

Additionally, the company initiated protective measures following the incident, including resetting all user accounts, notifying affected individuals, and implementing enhanced security protocols.

Byte Federal further advised its users to update their login credentials and emphasized the importance of verifying personal information to ensure account security.

While Byte Federal works to recover from its breach, other cyber incidents make headlines. Recently, Radiant Capital fell victim to a $50 million cyber heist linked to North Korea. How did this scheme unfold? Read the full story.