A major threat

     According to a recent report by cybersecurity platform CyberNews, around 16 billion login credentials from various services such as Apple, Google, and Facebook have been leaked. This data breach is a major threat to users and organizations, as hackers can launch targeted attacks using the leaked credentials.

Risks to the crypto industry

     Although it is not sure who are responsible behind this, but the Cryptoverse is particularly threatened by this data breach, as hackers can attack custodial wallets and cloud-based seed phrase backups using the leaked credentials. This can put users’ accounts at risk and lead to theft of their digital assets.

My Point

     Experts have shared various security measures, people should be ready for safety. Also, if people lose their assets, this will turn into destruction of the crypto industry. Better to Change the passwords of all accounts linked to custodial wallets or email platforms, and report any suspicious activity to service providers.

Published on Wubits