Twitter Promises Additional Security Measures

admin

Twitter will add more security training to prevent a repeat of the hack that hit 130 accounts including celebrities. 1342 Total views 23 Total shares Twitter vows to add more security training and measures as the fallout from Wednesday’s wide-scale hack on the social platform continues. Twitter said in a statement that it is continuing…

imageTwitter will add more security training to prevent a repeat of the hack that hit 130 accounts including celebrities.
1342 Total views
23 Total shares Twitter vows to add more security training and measures as the fallout from Wednesday’s wide-scale hack on the social platform continues.
Twitter said in a statement that it is continuing its investigation into the hack while it looks to provide more company-wide security training against social engineering tactics.This will be in addition to cybersecurity coaching they get during onboarding and ongoing phishing exercises.
About 130 accounts were compromised on Wednesday when hackers took over prominent Twitter accounts in a Bitcoin hoax.Those compromised included Elon Musk, Kanye West, Bill Gates, former vice president and current presidential candidate Joe Biden, as well as several crypto firms like Binance, Coinbase, BitFinex and Gemini.
“We’re acutely aware of our responsibilities to the people who use our service and to society more generally.We’re embarrassed, we’re disappointed, and more than anything, we’re sorry,” Twitter said.

“We know that we must work to regain your trust, and we will support all efforts to bring the perpetrators to justice.We hope that our openness and transparency throughout this process, and the steps and work we will take to safeguard against other attacks in the future, will be the start of making this right.”
Twitter said the hackers were able to view personal information like email addresses and phone numbers although the social media platform noted previous account passwords were not accessed.Additional information from accounts taken over by the hackers may have been viewed as well.A Social Engineering Scheme
The attackers targeted employees, Twitter said, using schemes intentionally manipulating them to perform certain actions and divulging confidential information.

Hackers used Twitter employees’ credentials to access internal systems which is why even accounts with two-factor protections were compromised.This affected only 130 accounts but hackers changed passwords to 45 of those accounts.Some usernames may have been sold.
A report from The New York Times said the hackers were a group of young people and they had planned the attack in a Discord server.
Forensic investigation into the hack continues, Twitter said, and the company is fully cooperating with law enforcement.Cointelegraph reported Twitter had been looking for senior security engineers before the breach.
The great hack has been deemed a wake-up call for centralized platforms.Some users even found hidden messages in some transactions.These transactions lead to wallets associated with Coinbase and BitPay.

Share this: Developer Completes “Proof-of-Life” Off-Grid Crypto Transaction Primed for Post-Apocalypse A developer known as “Daniel Jones” on Twitter claims to have completed a solar-powered, off-grid crypto transaction using shortwave radio and blockchain, The Next Web reports Tuesday, September 18.The project was reportedly devised in response to the CallForCode challenge, which challenges tech innovators to improvise with existing tools in order to find relief solutions for… Hong Kong’s SFC Releases Regulations for Crypto Fund Managers Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), has officially released regulations for crypto fund managers.The SFC published the regulatory circular on its website on Oct.

4.In the 37-page document titled “Proforma Terms and Conditions for Licensed Corporations which Manage Portfolios that Invest in Virtual Assets,” the SFC provided terms and conditions… China’s Push for Blockchain Adoption Sees First Major Program at a University The Ministry of Education of China has just granted Chengdu University of Information Technology (CUIT) approval to open the country’s first undergraduate blockchain engineering major.Admission and enrollment will start this year, according to a Chinanews agency report from March 4.China sees blockchain’s potential to impact social economy and information developmentChina’s first blockchain engineering major… Baidu Employee Jailed for Mining Monero Worth $14K on Company Servers An engineer at Baidu, China’s equivalent to Google, has been jailed for mining Monero on around 200 of the company’s servers.According to a March 16 report by local media outlet, Abacus News, the employee eventually sold the Monero for around 100,000 yuan ($14,300).Large-scale crypto-jackingSenior engineer, An Bang, was employed by Baidu to maintain its… Coinbase Adds British Pound Support, Customers to Buy/Sell Crypto via UK Banks Major U.S.crypto exchange and wallet Coinbase has started rolling out British pound (GBP) support, according to an official blog post August 1.

The new feature will enable Coinbase customers with UK bank accounts to conduct faster transfers, letting customers buy and sell crypto for pounds within the same day.As Coinbase points out in… Binance: Venus Project Will Court Regulators, Avoid Facebook’s Mistakes Cryptocurrency exchange Binance has said that it will learn from the regulatory issues that have plagued Facebook’s proposed Libra digital currency.In an interview, Aug 29, Binance co-founder He Yi claimed that the company will engage with regulators from day one regarding its Venus stablecoin project.He also confirmed previous rumors that Venus will be primarily… Ex-PBoC Governor: China Must Take Precautions Against Libra Trend The former governor of the People’s Bank of China (PBoC) says “China should take precautions” against the trend represented by Facebook’s Libra cryptocurrency.Twitter-based Chinese crypto news source CnLedger reported on Xiaochuan Zhou’s remarks on July 9.Zhou notably served as PBoC governor between 2013 and 2018, a period which saw Beijing pursue its notorious onslaught of… German Programmer ‘Hacks Back’ After Bitcoin Ransomware Attack German programmer Tobias Frömel (aka “battleck”) has “hacked back” the perpetrators of the Muhstik ransomware who forced him to pay 0.09 Bitcoin (BTC) to recover access to his files.In a Bleeping Computer forum post on Oct.7, Frömel revealed that he had hacked the attackers’ database, sharing almost 3,000 decryption keys and a free decryptor… Singapore AML Framework Can Attract Crypto Businesses, Not Chase It Away As crypto continues its foray into the mainstream financial world, more countries are recognizing digital assets legally.

Singapore is the latest to join the party.On Jan.28, the Monetary Authority of Singapore’s (MAS) Payment Services Act went into effect, setting up a framework for the regulation of payment-related activities in the country.Given that the… Leave a Reply You must be logged in to post a comment.Search.

Leave a Reply

Next Post

Market Wrap: Derivatives, Altcoins Take Market Spotlight as Bitcoin Dozes at $9,100

Traders want a bitcoin price breakout but they aren’t sure when that will happen.Bitcoin (BTC) trading around $9,174 as of 20:00 UTC (4 p.m.ET).Gaining 0.64% over the previous 24 hours.Bitcoin’s 24-hour range: $9,054-9,184 BTC above 10-day and 50-day moving average, a bullish signal for market technicians. Bitcoin trading on Coinbase since July 16.Source: TradingView Read…
Market Wrap: Derivatives, Altcoins Take Market Spotlight as Bitcoin Dozes at $9,100

Subscribe US Now