Payment Processor EgoPay Confirms Hack, Insider Suspected

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Third-party payment processor EgoPay suffered a hack in late December, the company has confirmed in a blog post.

The post claims the person or persons involved interfered with over a million transactions.

Explaining more about the hack, EgoPay writes: "False values were made available in the merchants platform, when no actual value was transmitted in EgoPay. This hacker then proceeded to convert this fake value into irreversible currencies all within a one-hour window. These merchants believed that this value was in their EgoPay account, but unfortunately it was not."

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