A spokesperson for Floating Point Group (FPG), a trading platform for crypto institutions, said it was hit by a cyber attack on June 11 and has lost between $15 million and $20 million in cryptocurrency. fpg has taken security measures and successfully obtained SOC 2 certification after hiring external auditors to conduct a series of cybersecurity audits and penetration tests last December. After the security breach was discovered, FPG froze all third-party accounts and implemented protective measures for all wallets. The company's account isolation measures limited the overall impact of the attack.ExpandCollapse
A spokesperson for Floating Point Group (FPG), a trading platform for crypto institutions, said it was hit by a cyber attack on June 11 and has lost between $15 million and $20 million in cryptocurrency. fpg has taken security measures and successfully obtained SOC 2 certification after hiring external auditors to conduct a series of cybersecurity audits and penetration tests last December. After the security breach was discovered, FPG froze all third-party accounts and implemented protective measures for all wallets. The company's account isolation measures limited the overall impact of the attack.
- Amount of loss
- $ 20,000,000
- Attack method
- Security Vulnerability
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