Bitcoin ATM Security Breach Compromised Social Security Numbers and Government IDs

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Bitcoin ATM Security Breach Compromised Social Security Numbers and Government IDs
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Byte Federal operates 1,200 Bitcoin ATMs in the U.S. A data breach comprised 58,000 customer's information.

A massive data breach hit Bitcoin ATM company Byte Federal, compromising user information including their social security number, transaction history, and even photographs. If you’ve done business with Byte Federal it’s time to do more than change your passwords. You need to freeze your credit.

According to a data breach notification filed with the Maine Attorney General, Byte Federal discovered it had been breached on November 18. The attack happened on September 30.

That meant it reset every customer’s account, forcing them to update their passwords. “We have also updated all of our internal passwords, password management system, tokens and keys for our network to prevent any further unauthorized access,” it said. “With the assistance of an independent cybersecurity team, we are conducting a forensic investigation to determine the cause and the scope of the incident.

If you’ve done business with Byte Federal, you should freeze your credit and place a fraud alert on your accounts. To its credit, the company suggested taking these steps in its communication about that hack. Freezing your credit can be a pain in the ass in the short term, but it’s better than someone stealing your identity or opening fraudulent accounts in your name.

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