Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybercrime

Currency Data Provider ‘Open Exchange Rates’ Discloses Breach

Currency data provider Open Exchange Rates has started informing customers that their information was likely stolen by hackers.

Currency data provider Open Exchange Rates has started informing customers that their information was likely stolen by hackers.

Open Exchange Rates provides a currency data API that is used by over 80,000 web developers. According to its website, companies such as Shopify, Etsy, Kickstarter, Baintree and Coinbase use the API.

In emails sent to affected individuals, the company said hackers obtained a secure access key for its AWS infrastructure from a third-party IT services provider. The attacker then used that key to access Open Exchange Rates’ network, including a database storing user data.

The breach was discovered on March 2, after some of the company’s customers complained that requests to the API were resulting in timeouts. An investigation revealed that an unauthorized user had made changes to the company’s AWS environment.

The attacker apparently gained initial access on February 9, and evidence suggests that they exfiltrated the user database.

Open Exchange Rates said the database contained information such as name, email address, hashed account passwords, IP address, app ID, and, where provided, personal and business name and address, country of residence, and website address.

Advertisement. Scroll to continue reading.

“There is no evidence to suggest that information relating to you was specifically targeted during the incident. However, our investigations have found that some of your information is contained in this database and therefore would have been accessible to the unauthorized third party,” Open Exchange Rates told customers.

In response to the incident, the company has reset all user passwords and customers have been advised to generate new app IDs, which are used to query exchange rate information from the service.

“Our AWS architecture has been designed according to the best practices for secure, high-availability services. This was a sophisticated attack, made possible by a data security breach at a third-party supplier, and we deeply regret that a compromised access key was able to facilitate unauthorised access in this way, resulting in the first security incident in our 8-year history,” the firm said.

SecurityWeek has reached out to the company to find out how many users were affected by the breach.

Related: T-Mobile Notifying Customers of Data Breach

Related: Slickwraps Discloses Data Breach

Related: U.S. Combat Support Agency Discloses 2019 Data Breach

Related: Cruise Operator Carnival Discloses 2019 Data Breach

Written By

Eduard Kovacs (@EduardKovacs) is senior managing editor at SecurityWeek. He worked as a high school IT teacher before starting a career in journalism in 2011. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing for the latest cybersecurity threats, trends, and expert insights.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join this live webinar as we explore if detection-first security operations can keep pace with AI, or if it’s time to rethink prevention as the strongest default.

Register

CodeSecCon bridges the gap between dev and security. Discover best practices for secure coding, innovative risk-reduction tools, and safe AI integration to cultivate a true DevSecOps culture. Safely secure your apps!

Register

People on the Move

Dali Rajic is joining OpenAI as Chief Revenue Officer.

Erika Dean has been appointed Chief Information Security Officer at Tricentis.

C1 has named Jeff St. Clair Chief Revenue Officer.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.