11-7-2023 (SINGAPORE) Gaming hardware company Razer is investigating a potential hack that affected its digital wallet Razer Gold, which is used by customers to purchase games and in-game content. A spokesperson for the company said that it was alerted to the potential hack on Sunday and that its team had conducted a thorough review of all Razer’s websites upon learning of the breach. The spokesperson did not elaborate on how many accounts or users could have been impacted. According to a Twitter post by threat intelligence platform FalconFeeds.io, a seller had advertised the sale of source codes, encryption keys, database and backend access logins for Razer and its products in a hackers’ forum on Saturday. Razer, co-founded by Singaporean Tan Min-Liang, has headquarters in both Singapore and California.
The seller, who went by the username “Nationalist,” said he was looking for US$100,000 in Monero, a cryptocurrency that claims to be untraceable and decentralized, for the entire set of allegedly stolen data, including access to it. The seller also said he was open to lower offers. Monero’s privacy features have made it popular among criminals. This has led some exchanges around the world, including South Korea and Australia, to delist Monero and other privacy coins.
The latest incident comes about three years after Razer suffered a cybersecurity breach that led to the personal information, including order details and shipping information, of about 100,000 customers being leaked. Razer was awarded US$6.5 million in damages for loss of profit last year after it sued its IT vendor Capgemini, which has lodged an appeal against the decision. The appeal was heard in a Singapore court on Monday.
On Monday, lawyers for Capgemini argued that Razer did not act on Mr. Diachenko’s repeated warnings to Razer for three weeks. Capgemini is seeking nominal damages but has accepted liability after its former employee admitted that he caused a cybersecurity breach that led to the leak.