Coinbase Target Of Phishing Attack

As Bitcoins quickly become a very real form of money – people have already invested life savings in the digital currency that has risen in value from $13/coin in January to $140/coin currently – it has as well become a prime target for backers. Today, it has been proven that the money-transfer medium is very vulnerable through transaction records that are discoverable by search engines, which lead to potential hacking targets. The records indicate what a user bought and how much they paid, as well as their email addresses. For the company that has sold over $1 million of Bitcoin over the past 30 days, this Phishing issue is the most recent, and prominent, of issues with the currency; in 2011 there was a major crash that brought the value of the currency down over 90%, and Mt. Gox, the largest name in Bitcoin trading, was also hacked. So while many have jumped on the Bitcoin bandwagon, this is a reminder to many more potential buyers that the currency is, like most things on the Internet, quite vulnerable.