Foundation Devices Reports Customer Data Exposure From Passport Wallet Orders
(2 hours ago) · 1 source · Summarized by CryptoBipto
Foundation Devices, the maker of the Passport hardware wallet, has disclosed that customer data was exposed. The company reported that personal information tied to customer orders may have been accessed, though the full scope and cause of the breach have not been fully detailed.
WHY IT MATTERS
A hardware wallet is a physical device, similar to a USB drive, that stores the secret codes (called private keys) needed to access cryptocurrency. It is considered one of the safest ways to hold crypto because it keeps those codes offline and away from hackers. However, when you buy one, you typically have to give the company your name and address for shipping. If that information leaks, criminals could know that you likely own cryptocurrency and try to trick you with fake emails (called phishing) or even target you in person. This is why data security at hardware wallet companies matters just as much as the security of the device itself.
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