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Etana security breach neutralized, user accounts safe

TL;DR

Etana security breach has not caused any damage to the user funds. Etana Custody firms offer cryptocurrency custody services to exchanges and institutions. The data security breach happened on 18 April and involved a third-party gaining unauthorized access to Etana’s client user interface.

A spokesperson from Etana clarified that the client funds are safe, and there has been no illegal siphoning off of user funds. However, the attacker is believed to have taken some information. Etana security breach comes amidst the lockdowns due to the Coronavirus pandemic.

Etana security breach involved user information leak

In its official memo, the company stated that an unauthorized third-party had gained access to the Etana Custody client user interface. The possibility of some information leak during the breach cannot be ruled out. However, user assets and securities have not been affected in any way. There have been no technical damages to the platform.

Most importantly, the attacker was not able to make any unauthorized transactions from any user account. The internal security system identified the attack and triggered the alarm. The attack was neutralized, and further investigation into the incident is underway by Etana officials.

Sensitive data safe during Etana security breach

Etana security breach may have led to the leak of personal user information, including ID data like name, contact number, address, etc. Adding more details, the firm said that no information relating to a user’s government ID card, driving license and passport information was leaked. Thus, ultra-sensitive information was not breached as per the firm.

Kraken, the crypto exchange, works with Etana Custody. The exchange users employ Etana’s services to fund their accounts. So far, the traders have not reported being contacted by Etana regarding the security breach. However, Kraken said that they have not experienced any fund mismatch and will soon contact Etana Custody for more details.

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Gurpreet Thind

Gurpreet Thind is pursuing Masters in Electrical Engineering at University of Ottawa. His scholarly interests include IT, computer languages and cryptocurrencies. With a special interest in blockchain powered architectures, he seeks to explore the societal impact of digital currencies as finance of the future. He is passionate about learning new languages, cultures and social media.

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