Famous wallet company Ledger has become the latest victim to the hacking attack, which results in breaching of physical addresses, phone numbers, and email addresses of users.

As per the information given, the hackers have taken control of 270,000 physical addresses and phone numbers, and 1million email addresses. The hacked personal data of Ledger’s users was unveiled for the public at hacker site Raidforms. It is reported that the hack occurred in June in which customers’ personal information of e-commerce giant Ledger was leaked.

Ledger Tells Less Numbers

The hardware wallet firm has admitted recently that its database was breached in which 9,500 phone numbers and other sensitive information leaked. After posting the company’s database over Raidforms, it becomes evident that amount of breached data is bigger than Ledger’s claim.

Ledger stated:

“It is a massive understatement to say we sincerely regret this situation. We take privacy extremely seriously.”

As per the reports so far, the wallet giant is probing the case with the assistance of concerned law enforcement agencies. Since June, they have successfully terminated a total of 170 websites that are used for phishing attacks.

Only the personal information of the customers was hacked and financial data remained safe during the phishing attack. Over breaching of the customers’ database, the users have expressed their anger over the company for not providing security and privacy to their sensitive information. A victim of the breach stated:

“Individuals who purchased a Ledger tend to have a high net worth in cryptocurrencies and will now be subject to both cyber harassments as well as physical harassments on a larger scale than experienced before.”

Another aggressive customer also criticized Ledger and advised others to stop doing business with the firm because it is the only way to teach them a lesson on how to take the security of users’ information seriously. Some users have claimed to initiate a legal prosecution against them in case of data reveal to the public.

The increased requirements for compliance policies, such as know your customer (KYC) and anti-money laundering (AML), have also pushed phishing attacks high because hackers take benefit of this.

In order to take down scammers and hackers in the crypto space, the regulators will have to take serious steps along with the publishing of a compressive sandbox containing rules and regulations. Recently, the US FinCEN has posted hiring jobs to fight challenges and risks attached to cryptocurrency.