2024-08-15 Unicoin Inc. Cybersecurity Incident

Page last updated on September 16, 2024

Unicoin Inc. initially disclosed a cybersecurity incident in an SEC 8-K filing on 2024-08-15 16:15:16 EDT.

Company Summary

Unicoin is a dividend-paying cryptocurrency designed to diversify portfolios. (Source: Crunchbase)

Incident Details

Material: Unknown
Is Breach: Unknown
Records Compromised: Unknown
Data Types Impacted: No Data Types Tracked (yet)

Compromised Date:
Detected Date: 2024-08-09
Disclosure Date: 2024-08-15
Contained Date: 2024-08-13
Recovered Date:

Attack Goal: Unknown

Costs: No Costs Tracked (yet)

Filings

8-K filed on 2024-08-15

Unicoin Inc. filed an 8-K at 2024-08-15 16:15:16 EDT
Accession Number: 0001829126-24-005571

Item 8.01 Other Events.

On August 9, 2024, Unicoin Inc. (the “Company”) detected an unknown threat actor had gained access to the Company’s Google G-Suite account and changed passwords of all users of the Company’s G-Suite products (i.e., G-Mail, G-Drive and other related G-Suite functionality), thereby denying access to all users having an “@unicoin.com” email address (the “Event”). On or about August 13, 2024, the Company was able to remove the threat actor’s access to the G-Suite accounts and restore access to its internal users. The Company is examining the information accessed to determine and mitigate the impact of the Event. The Company also continues to investigate the extent of the Event, and the following details are known at the time of this Current Report:

1. Unauthorized access to corporate G-Suite services was gained by unknown persons.
   
   
2. During a personal check of corporate users of internal services, discrepancies were found in the personal data of employees and/or contractors in the Company’s accounting department.
   
   
3. Traces of hacked messages and email accounts of certain managers of the Company were found.
   
   
4. Traces of identity forgery of one of the contractors of the Company were found and such contractor subsequently was terminated.
   
   As of the date of this Current Report, the Event has not had a material impact on the Company’s financial condition or results of operations. No traces of loss of any of the Company’s cash or crypto assets have been found. The Company has not yet conclusively determined whether the incident is reasonably likely to materially impact the Company’s financial condition or results of operations or have any other material adverse effects. Should the Company make a determination that the Event is material, such determination shall be included in a future report or in amendment to this Current Report.
   

Company Information