Coinbase Will Reimburse Customers Up to $400 Million After Data Breach

Summary

• The Consumer Financial Protection Bureau (CFPB) has abandoned a plan to tighten the regulation of the sale of US citizens’ sensitive personal data after its director, Russell Vought, decided to remove the initiative.
• Coinbase has revealed that a data breach it suffered will cost it between $180mand$400m to remediate after customer data was stolen by attackers.
• The US Secret Service and Department of Homeland Security (DHS) are investigating ex-FBI director James Comey after he posted and then deleted a photo of seashells on Instagram that some claimed was a call for violence against Donald Trump.
• Twelve further individuals have been charged in a criminal spree that involved the theft of more than $263m in cryptocurrency, money laundering and physical break-ins.
• An additional 1,000 email addresses alleged to be linked to North Korean IT worker scams have been published, alongside photos of individuals allegedly involved.

By Lily Hay Newman, Dhruv Mehrotra

Original Article