In the last 12 months, we’ve witnessed a surge in cyberattacks that have shaken some of the biggest names in tech. These aren’t just isolated incidents—they’re clear signals that no business is immune, regardless of size or location.
Let’s look at three recent cases that underscore the gravity of the situation:

Major Cyber Incidents That Should Alarm Every Business Owner

WazirX Data Breach (July 2024) – India
WazirX, one of India’s largest cryptocurrency exchanges, was hit hard when personal user data was exposed. The attack compromised email addresses and phone numbers—and the damage? A staggering ₹1,800 crores (approx. $234.9 million) in stolen funds.

Lesson: APIs must be secured. Two-Factor Authentication (2FA) is no longer optional.

Coinbase Ransomware Attack (April 2025) – USA
Coinbase, the U.S.’s largest crypto exchange, suffered a ransomware attack that disrupted operations and exposed sensitive user data. Hackers demanded $20 million in ransom, and while Coinbase pledged reimbursements, the reputational impact was irreversible.

Lesson: You need a robust security framework that actively prevents, detects, and responds to threats.

LexisNexis Data Breach (April 2025) – USA
LexisNexis Risk Solutions experienced a breach that exposed the personal data of over 364,000 individuals—including Social Security numbers and driver’s licenses. 

Lesson: Real-time monitoring and incident response are critical in containing the damage of any breach.