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Home Incidents

Razer Investigates Potential Data Breach

July 10, 2023
Reading Time: 2 mins read
in Incidents
Razer Investigates Potential Data Breach

 

Gaming hardware company Razer is investigating a potential data breach after a seller on a hackers’ forum offered stolen data for $100,000 in cryptocurrency. The data being sold reportedly includes source code, back-end access logins, and folders related to Razer’s digital wallet, zVault, and its reward system.

While it is unclear whether customers’ personal information, such as credit card details, was compromised, Razer is taking the breach seriously and conducting an investigation.

This incident comes after a previous security breach in 2020, for which Razer sued its IT vendor Capgemini, resulting in a $6.5 million damages award. This alleged data breach raises concerns about the security of customer information and highlights the need for robust cybersecurity measures. The seller on the hackers‘ forum offered the data for sale, including details of alleged email addresses and virtual credit in Razer Gold accounts.

The use of Monero cryptocurrency in the transaction adds an additional layer of anonymity, making it harder to trace the money flow. Razer is committed to investigating the breach thoroughly and determining the extent of the potential compromise. The previous security breach faced by Razer in 2020 resulted in the leak of personal and shipping information of approximately 100,000 customers due to a server misconfiguration.

Razer sued Capgemini, claiming damages for the breach, and was awarded $6.5 million by the High Court.

However, Capgemini has lodged an appeal, arguing for reduced damages and claiming that Razer failed to take action despite being alerted by a cybersecurity consultant. The outcome of the appeal will determine the final resolution of the previous breach and its financial implications for both parties involved.

Reference:
  • Gaming firm Razer hit by potential breach, hacker offering stolen data for $135k in crypto
Tags: CryptocurrencyCyber incidentCyber Incidents 2023CyberattackCybersecurityData BreachGamingHackersJuly 2023Personal InformationRazer
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