According to reports on April 23, 2024, Chivo, El Salvador’s government-run Bitcoin wallet, has suffered a cybersecurity attack. Hackers, identified as CiberInteligenciaSV, have allegedly leaked parts of the wallet’s source code and VPN access credentials.
Another instance of cybersecurity issues for the Chivo wallet surfaced this month, affecting approximately 5.1 million Salvadoran users whose personal data was disclosed.
Hackers shared the sensitive information about the BreachForums, a notorious online platform popular among cybercriminals. The leaked data encompassed not just the code but also VPN credentials, enabling unauthorized users to infiltrate the network managing Chivo ATMs across the county.
El Salvador Government’s Response to the Breach
The Salvadoran authorities haven’t made an official comment about the security breach as of now. This lack of communication heightens concerns from the general public and external experts about the effectiveness of the country’s protective measures for confidential data.
In September 2021, El Salvador introduced the Chivo digital wallet as part of their groundbreaking initiative to recognize Bitcoin as an official currency. This move aimed to increase financial accessibility for all citizens and lessen reliance on conventional banking structures.
The Chivo digital wallet introduction is intriguing, but it has faced numerous technical issues since launch. These problems, along with recent security breaches, have heightened concerns among the public regarding the security and dependability of the government’s digital finance endeavors.
Impact on Salvadoran Users
The disclosure of Chivo wallet’s codes and VPN information from the source endangers the security of the system, enabling hackers to seize control or unlawfully access users’ accounts. Given that almost the entire adult populace of El Salvador has had their personal data exposed in this incident, there is widespread apprehension about the potential for identity theft and fraud.
Security experts have raised concerns over these security breaches, urging users to stay alert and check their accounts for any unusual activity. The potential consequences for El Salvador’s financial system could be severe if the incident highlights inadequacies, potentially undermining trust in digital services backed by the government.
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2024-04-24 00:03