Razer investigates a potential hack against their systems

Singapore’s most prominent gaming hardware company, Razer, revealed earlier this week that they are investigating a hack that might have compromised its digital wallet called Razer Gold. This digital currency allows its users to purchase games and in-game content. Based on reports, the gaming company received an alert of a potential hack on July 10.

A Razer spokesperson did not reveal detailed information on how many users or accounts suffered an impact. However, the representative stated that their security team thoroughly reviewed all their websites after becoming aware of the breach. Moreover, the company said its team had executed all the protocols to safeguard its platforms.

Razer is in the middle of its investigations and committed to ensuring its users’ digital safety and security. Additionally, the company assured everyone they would report the incident to relevant law enforcement agencies after their investigation.

 

A hacker forum now offers products and other valuable data related to Razer.

 

A separate researcher took to a social media platform to reveal that a seller had already advertised the sale of Razer’s encryption keys, source codes, database, and backend access logins in a cybercriminal forum last week. In addition, Razer’s products have also made their way to the hacker’s forum.

The seller, who has a username called “Nationalist”, explained that he is offering the stolen Razer amenities for about $100,000 worth of Monero cryptocurrency. The seller might have provided the data for Monero since many researchers claimed it is a decentralised and untraceable crypto entity. In addition, the seller said that he is willing to negotiate for lower offers.

With the privacy features offered by the cryptocurrency platform, Monero became an attractive tool for criminals. A report in 2017 said that the crypto platform is the top choice for darknet market users.

This function by Monero has become the basis for multiple countries, like Australia and South Korea, to delist these online currencies that have the potential of aiding malicious actors.

This latest incident occurred after Razer suffered a cybersecurity breach three years ago. The incident resulted in the exposure of personal information owned by approximately 100,000 individuals.