An example of bad behavior online is the TrueUSD (TUSD, TrueCoin) data breach.

The incident happened on July 13, 2023 the entities that were involved were TrueCoin (the entity that owns TrueUSD), and a security team from one of their third-party vendors.

This started when the security team of a third-party vendor of TrueCoin detected suspicious activity. The alert showed unusual account modifications by a compromised support vendor associated with TrueCoins operations. From what I can find there were no financial damages but this incident did cause damage to TrueCoin’s reputation as people were too scared to trust them with their crypto and their money which can inadvertently cause financial damage to TrueCoin as it can make people not invest in them as TrustCoin has not told who the affected users of the data breach are. So far the criminals have not been found so therefore they have not been held accountable for the crime this can pose a problem since they have not been found and held accountable they can attack more companies and people’s data. A lesson that can be learned from this is that we should be careful where we put our banking information and money as well as making sure that we can trust the companies who hold that information.