New Delhi, June 13 -- The recent data breach at Coinbase may be making headlines, but this crypto-related cybersecurity incident is hardly the first, and certainly not the last, to happen. Given the value of personal and financial data, it should come as no surprise that the sector most often targeted by cybercriminals is financial services.

The incident demonstrates that it could be dangerous if the exchanges are not evolving their security tools with time as hackers have adapted their strategies to capitalize on cybersecurity leaks and gaps. It is worth noting that previously Coinbase was considered "the world's safest crypto exchange."

At the recent CEO Connect: May Edition, Binance CEO Richard Teng touched on the latest cyberattack ...