Mailchimp Phishing Attack Results in Potential Hit on 100K Trezor Crypto Wallets

Stu Sjouwerman | Apr 6, 2022

Mailchimp Phishing Attack Results in Potential Hit on 100K Trezor Crypto WalletsStolen client data from Mailchimp put customers of the cryptocurrency hardware wallets on notice of potential social engineering attacks claiming to be Trezor.

This week, email marketing company Mailchimp announced this week a data breach on March 26 after it discovered a threat actor using compromised credentials to gain access to the company’s internal customer support tools. In total, audience data was stolen from 102 customers in the finance and cryptocurrency sectors – likely to be used to phish the customers of those 102 companies.

Over the weekend, crypto hardware wallet maker Trezor emailed its customers informing them of the compromise and provided instructions to customers to update their Trezor Suite:

“Trezor has experienced a security incident involving data belonging to 106.856 of our customers, […] If you’re receiving this e-mail, it’s because you’ve been affected by the breach. In order to protect your assets, please download the latest version of Trezor Suite and follow the instructions to set up a new PIN for your wallet.”

Trezor also posted tweets about their data being compromised on April 3rd, warning customers that they would not be communicating via email to the time-being until the situation is resolved.

 

The initial Mailchimp compromise began as a phishing attack. According to their statement about the attack, “The incident was propagated by a bad actor who conducted a successful social engineering attack on Mailchimp employees, resulting in employee credentials being compromised.”

This attack is an unfortunate example of the potential ripple effect a single phish can have. While Trezor customers appear to have remained unscathed, you can see how a one user falling for a phishing attack could have impacted thousands of individuals and businesses. It’s why we’re so passionate about Security Awareness Training here at KnowBe4 – by training users to be vigilant at all times when interacting with emails, the risk of falling for social engineering tactics employed within a phishing attack is much lower, resulting in an equally lowered success rate for the initial attack itself.

Topics: Phishing

Discover Your Organization’s Phish-prone™ Percentage

Ninety-one percent of data breaches begin with spear phishing. Launch our Free Phishing Security Test for up to 100 users to uncover your team's vulnerability and see how your security posture stacks up against industry benchmarks.

Get Your Free Phishing Security Test

Secure the Digital Workforce: Human + AI

KnowBe4 empowers the modern workforce to make smarter security decisions every day. Trusted by more than 70,000 organizations worldwide, KnowBe4 is the pioneer of digital workforce security, securing both AI agents and humans. The KnowBe4 Platform provides attack simulation and training, collaboration security, and agent security powered by AIDA (Artificial Intelligence Defense Agents) and a proprietary Risk Score. The platform leverages 15 years of behavioral data to combat advanced threats including social engineering, prompt injection, and shadow AI. By securing humans and agents, KnowBe4 leads the industry in workforce trust and defense.