A hacker known as “ChinaDan” has claimed to have procured the personal information of one billion Chinese citizens and is offering to sell the 23 terabytes of data for 10 Bitcoin, currently equivalent to about $200,000.
If the anonymous internet user’s claim is true, this would be one of the biggest data breaches in history.
According to Bloomberg, the Shanghai authorities have yet to publicly respond to the allegations made by the hacker and police representatives in addition to the Cyberspace Administration of China have not responded to their requests for comments.
While it’s still too early to determine the validity of the hacker’s claims, the shocking news of a potential data breach of this scale once again brings into focus the importance of cyber security and the protection of users’ private information.
Data security at SIGNiX is our top priority. Whether you are utilizing our true digital signature technology, where every signature is embedded with the necessary legal evidence, or our remote online notarization (RON) platform, all your data is stored and transmitted in at least 256-bit encrypted format. Clients may also request SIGNiX to delete its copy of confidential documents to better limit risk of breach.
In addition to the end-to-end encryption of our users’ data, we have recently implemented in our RON platform a new process for capturing driver’s license, passport or other ID pictures that signers must provide for Credential Analysis during a notarial transaction. This new process improves the verification process and ensures a secure transmission of personal information.
See our Knowledge Base article for a detailed explanation of the process.
You may also like
Leading digital signature company offers free eBook to help credit unions meet the requirements of Regulation Z with the...
Here at SIGNiX, we're always excited to hear news about our hometown, Chattanooga, TN. Today, we got some national news ...
Since the beginning of the year, three major health insurers have suffered three major data breaches. Up to 92 million p...