Fractal ID Breach Exposes 300,000 Users' Data
Fractal ID Breach Exposes 300,000 Users' Data
🕵️ Identity crisis unfolding
A significant data breach has affected Fractal ID, a blockchain identity firm. The incident compromised the personal information of 300,000 users, with over 10 GB of data accessed. The exposed data includes:
- Photos
- Bank statements
- Proof of address documents
- ETH and BTC addresses
This breach follows a previous incident reported by a crypto analytics firm, where password hashes, blockchain addresses, and email addresses were exposed.
The scale and sensitivity of the compromised data highlight the ongoing challenges in securing digital identities and personal information in the blockchain space.
Action point: Users of Fractal ID should monitor their accounts for suspicious activity and consider updating their security measures.
300,000 users data was compromised by the Fractal ID Breach. The total amount of data accessed exceeded 10 GB, including photos, bank statements, proof of address, and ETH/BTC addresses. cyberdaily.au/security/11251… This CAN'T and WON'T happen when you use #ShareRing #DigitalMe
ShareRing Team Convenes in Vietnam for Strategic Digital Identity Summit
ShareRing's global team has gathered in Vietnam for their Executive Strategy Summit, focusing on the future of digital identity solutions. The summit aims to: - Align product development and marketing strategies - Define infrastructure and partnership frameworks - Establish systems for user-controlled identity verification The team is working to create a comprehensive blueprint that positions ShareRing as a leader in digital identity solutions, where users maintain ownership and control of their personal information. This strategic gathering marks a significant step in ShareRing's development of next-generation identity infrastructure.
Data Breaches Occur Every 39 Seconds Worldwide
A concerning trend in cybersecurity reveals data breaches occurring every 39 seconds globally, highlighting the inadequacy of traditional password systems and centralized databases. ShareRing is addressing this challenge with privacy-focused identity solutions: - **Reusable digital ID** implementation - **Age & ID verification** systems - **Zero data retention** policy These features aim to enhance identity security while maintaining user privacy. The platform offers a decentralized approach to personal information management, moving away from vulnerable centralized systems. [Learn more about secure identity solutions](https://www.sharering.network)
ShareRing Partners with UK's Select ID for Digital Identity Innovation
ShareRing has announced a strategic partnership with Select ID, the UK's first Reusable Digital ID network. Key highlights: - Partnership aims to streamline digital onboarding processes - Focus on delivering secure, reusable digital IDs - Potential to impact millions of users across the UK The collaboration, featured in The Paypers, demonstrates ShareRing's commitment to advancing digital identity solutions. ShareRing's Founder Tim Bos and CEO Ryan Bessemer detailed the partnership's vision in a recent video presentation. [Read full coverage on The Paypers](https://thepaypers.com/digital-identity-security-online-fraud/select-id-sharering-sqr-and-luciditi-announce-strategic-partnership--1272768)
ShareRing Joins Age Verification Providers Association
ShareRing has become a member of the Age Verification Providers Association (AVPA), strengthening its position in digital identity verification. This follows their involvement in the Australian Age Assurance Technology Trial (AATT) and engagement with the Online Safety Amendment Bill. Key developments: - Official AVPA membership secured - Alignment with Australian regulatory initiatives - Focus on privacy-first verification solutions ShareRing continues to develop secure, anonymous age verification systems, working alongside key industry bodies like Age Check Certification Scheme (ACCS).
ShareRing Announces eSIM Giveaway Winners
ShareRing has completed its New Year eSIM giveaway promotion in partnership with Airalo. Key outcomes: - First 100 stakers received 3-month free global eSIM data - One grand prize winner who staked 3,500,000 $SHR received a 12-month eSIM - All qualifying participants will receive notification via $SHR app on Friday with redemption instructions The promotion required participants to maintain their stake until March 31st, 2025.