Coinbase Data Leak Linked to Indian Outsourcing Company TaskUs
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Summary
A Coinbase security breach linked to an Indian outsourcing firm, TaskUs, was revealed by CEO Brian Armstrong. A former employee took photos of user data on a personal phone and sold it to hackers, leading to phishing attacks and a $20 million ransom demand. The breach, which is tied to a $400 million loss, began in January 2024. TaskUs, which operates in India, is now under scrutiny amid concerns about inflation data and offshore labor practices. Similar issues have also affected Amazon and Microsoft. Despite these risks, India's BPO market is projected to reach $1.39 trillion by 2033.
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