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World of Software > News > Crypto Company Coinbase Hit With Customer Data Breach
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Crypto Company Coinbase Hit With Customer Data Breach

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Last updated: 2025/05/16 at 11:44 AM
News Room Published 16 May 2025
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Data Breaches Becoming Scarily Commonplace for Businesses

Bybit, another crypto company, reported back in February that attackers had stolen digital tokens worth around $1.5 billion dollars, and in total, the number of funds stolen by breaching crypto platforms came to $2.2 billion in 2024, according to Chainalysis.

Security and privacy is becoming an increasingly important issue for businesses, as data breaches and cyberattacks continue to rise. In fact, a recent study reported that cybersecurity was a bigger concern for businesses than AI implementation.

Including security and privacy training for employees, carrying out regular software updates and implementing security measures such as access controls and multi-factor authentication, are part of the basic principles that help protect your business.

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