Data stolen from cryptocurrency wallet provider Ledger published on hacking site

By Duncan Riley for SiliconANGLE
Tuesday, December 22, 2020

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Although certainly not breaking any records for hacks and published data leaks, the number is still significant given that it’s related to cryptocurrency wallets at a time that bitcoin is hitting record highs. Worse still, as Jameson Loop, chief technology officer at CasaHOLD noted, only 1% of Ledger customers went to the trouble of protecting their home address with a post office box or private mailbox.

No hack and theft of customers of details is a good thing, but it’s a regular occurrence. The hack of Ledger differs, however, in terms of the ability for customers to take action on the matter. “The current terms of service, published by Ledger, prevent most of the legal actions the victims may be considering under the circumstances,” Ilia Kolochenko, founder and chief executive of web security company ImmuniWeb, told SiliconANGLE.

“If at the moment of the breach the terms were different and more favorable for the plaintiffs, the success of the threatened class action is still highly uncertain,” Kolochenko explained. ” It largely depends where the victims file the lawsuit, but virtually everywhere they will be required to prove specific and measurable damages, not just a speculative risk of hypothetic future damage.” Read Full Article