Your firewall can’t stop a bribe

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Gigabit Systems
May 22, 2025
20 min read
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Your firewall can’t stop a bribe.

This week, Coinbase revealed a shocking truth:

Hackers didn’t break in — they walked in with a bag of cash.

In a letter to the SEC, Coinbase disclosed that some overseas employees were bribed to hand over sensitive customer data — including passport images and addresses. When the attackers demanded a $20 million ransom, Coinbase refused to pay.

Instead, they’re now facing up to $400 million in cleanup and reimbursement costs.

Let that number sink in.

Cybersecurity isn’t just about firewalls and phishing filters.

It’s about people.

And people — especially untrained or unsupported ones — can be your biggest vulnerability.

This isn’t just a crypto problem.

If you store sensitive customer data, rely on offshore teams, or lack proper insider threat protection… this could be your headline next.

Employee security awareness, role-based access controls, data loss prevention — these aren’t “nice to haves” anymore. They’re survival strategies.

Don’t wait for the ransom demand to take action.

If you’re not sure where to start — let’s talk.

https://www.linkedin.com/posts/mendy-kupfer-a81a142b_cybersecurity-insiderthreat-dataprotection-activity-7331284712834961409-Rn6x?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAZhGgEBnErcGeXHP7y7XoMarF9mkqBZE4g

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