11 Apr '15, 12am

SendGrid Used to Attack Coinbase Bitcoin Exchange

Third-party mass email service SendGrid has been used to attack the Coinbase Bitcoin exchange. SendGrid is used by 180,000 companies to send 14 billion emails per month, including for Uber, Pinterest, Spotify and Foursquare. As such, it offers an easy path to target-rich environments for phishing artists that are able to get hold of an account to send out legitimate-looking mails en masse . No Bitcoin were stolen from Coinbase, and in a statement , SendGrid downplayed the incident as a bit of a fluke: “From SendGrid’s perspective, this appears to be an isolated attack on one SendGrid customer.” It’s unclear how the account compromise occurred in this case, but SendGrid also pointed out that it’s not alone in being targeted. “We are aware that users of other Bitcoin related businesses have been targeted this week with phishing attacks via multiple email service providers,” ...

Full article: http://www.infosecurity-magazine.com/news/sendgrid-used-a...

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