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Ledger Suffers New Data Breach via Payment Processor

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Ledger Suffers New Data Breach via Payment Processor

A new Data Breach has once again placed Ledger in the spotlight. This time, the issue did not come from Ledger’s wallet systems but from a third-party company it uses to process payments.

This Data Breach still affects Ledger users. Although crypto funds are secure, the breach still leaked personal data.

What Happened?

Ledger confirmed that the Data Breach happened through its payment processor, Global-e. Global-e helps Ledger manage online purchases and international payments for its hardware wallets.

Global-e discovered unusual activity in part of its cloud network. They immediately implemented controls on their systems. They also hired external forensic auditors as soon as they identified the problem. Global-e investigated the incident and discovered that a third party had illegally accessed the system.

The Exposed Data

According to Global-e and Ledger, the Data Breach involved personal customer details, including:

  • Full names.
  • Email addresses.
  • Other basic contact information.

Ledger was clear about what was not affected. The following information remains safe:

  • Recovery phrases.
  • Private keys.
  • Crypto balances.
  • Payment card or banking details.

Ledger wallets are self-custodial. Private keys are never stored online or shared with payment partners.

How Did the News Go Public?

Customers first learned about the Data Breach after receiving emails from Global-e. The message stated that the company detected unusual activity and that some personal data had been improperly accessed.

The situation gained wider attention when blockchain investigator ZachXBT shared details of the email with the crypto community. His post went viral, and Ledger came out to confirm the incident. Ledger emphasized that there was no breach in its internal systems.

Ledger’s Response

Ledger says it is working closely with Global-e as investigations continue. The company has reassured users that wallet security remains intact and that their crypto assets are safe.

The incident of this Data Breach is an indication that even third-party services could pose significant risks.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.

Copyright Altcoin Buzz Pte Ltd.

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