Group 1 - Coinbase disclosed that a cybersecurity incident could cost the company between $180 million to $400 million, with ongoing investigations to determine the full impact [1][2] - The cyberattack involved social engineering tactics where attackers used stolen data to trick a small group of company insiders, affecting less than 1% of Coinbase's monthly transacting users [3] - Coinbase will voluntarily reimburse users who were deceived into sending funds to the attackers and has established a $20 million reward fund for information leading to the arrest of the perpetrators [4] Group 2 - Social engineering fraud has surged by 56% in the past year, indicating a growing trend in advanced scams targeting consumers [5] - Financial institutions are urged to adopt a proactive and comprehensive approach to security and scam protection, as traditional fraud prevention measures are becoming less effective against evolving threats [6]