Data Security Incident: Gemini's Breach Due to Third-Party Vulnerabilities

Monday, 29 July 2024, 12:56

Gemini recently experienced a significant data breach linked to its third-party provider. Between June 3 and 7, attackers infiltrated the systems and accessed sensitive customer information, including full names, bank account numbers, and routing numbers required for ACH fund transfers. This incident raises concerns about data security practices and the potential risks associated with third-party services. Companies must take stringent measures to protect customer data and ensure compliance with security standards.
Scmagazine
Data Security Incident: Gemini's Breach Due to Third-Party Vulnerabilities

Overview of the Breach

Gemini faced a serious data breach impacting customer information due to vulnerabilities in a third-party provider's systems.

Details of the Incident

  • The breach occurred between June 3 and 7.
  • Threat actors successfully exfiltrated sensitive information, including:
    1. Full names
    2. Bank account numbers
    3. Routing numbers

Conclusion

In light of this incident, it is essential for companies like Gemini to enhance their security protocols and ensure that third-party providers adhere to rigorous safety standards to prevent similar breaches in the future.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe