Altcoins News
By Dan Saada
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Figure got hacked. The blockchain lender said hackers grabbed customer data after tricking one of its workers in what security folks call a social engineering attack, and the…
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Hackers broke into Figure's systems and snagged sensitive customer information, though the company won't say exactly what kind of data got stolen.
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The company started calling customers to let them know what happened. Figure's also handing out advice on how folks can protect themselves, though they're being pretty vague…
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Figure trades on public markets and focuses on blockchain-based lending, making it one of the bigger players in that space.
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These kinds of breaches are happening more and more in finance. Companies can't seem to keep hackers out, and Figure's situation shows just how tricky it is to stay ahead of…
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Figure's doing what companies always do after a breach - reviewing security protocols and looking for weak spots in their systems.
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The company isn't saying much about how many customers got affected or what specific information the hackers grabbed.
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Nobody from Figure's C-suite has made any public comments yet. The investigation is still going on, which limits what they can say.
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Jamie Smith, Figure's spokesperson, talked to reporters on February 15. "The company is prioritizing transparency in its ongoing investigation," Smith said.
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Figure's thinking about making employees go through extra security training. They want workers to spot social engineering tricks before falling for them.
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And Figure's shopping around for outside cybersecurity firms to audit their systems. They want an independent review to find any other problems lurking in their networks.
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Customers are freaking out about identity theft, which makes sense. Figure's offering free credit monitoring for a year to try and calm people down.
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Figure called in the feds on February 16. They're working with law enforcement to track down whoever pulled off this hack.
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Alex Martinez, Figure's Chief Security Officer, said the company moved fast once they found out about the breach.
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The hack got Figure looking at its vendors too. On February 17, they started checking whether outside companies they work with follow proper security rules.
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