Twitter stocks falls:
Twitter stocks fells nearly 7% in pre-market trading on Thursday after many accounts were compromised in a Bitcoin hacking incident involving Bill Gates, Elon Musk, Joe Biden, Barack Obama and Warren Buffett twitter accounts.
On Wednesday, the company announced that hackers had attacked some of its employees, providing access to “internal systems” and tools, which resulted in a massive compromise on some of the most popular accounts on its platform.
Twitter said a “coordinated social engineering attack” had “successfully attacked” some employees.
A Twitter spokesman told Business Insider that his own “investigation is continuing and we hope to share more soon.”
Shortly after the incident, many accounts found that they could not tweet. According to Twitter’s support account, some people may not be able to tweet or change their password if the company investigates the situation.
As of Thursday morning in Europe, normal service on the website appears to have resumed.
The incident led to high-profile reports such as former President Barack Obama, CEO of Tesla, Elon Musk, Bill Gates, Warren Buffett, and even companies like Apple and Uber who tweeted news about Bitcoin donations.
Twitter stocks Falls :
Although the company previously had widespread technical issues on its platform – until 2013, failures were signaled by the image of a bird-held whale that resembled the company’s logo – the violation on Wednesday was the best known so far.
Senator Josh Hawley (R-Mo.) Sent a letter to Twitter CEO Jack Dorsey late Wednesday asking the company to work with the Department of Justice and the Federal Bureau of Investigation to alleviate the violation.
NEW — As Twitter experiences a massive cyberattack, Senator Hawley sent a letter to Twitter CEO @jack requesting he immediately reach out to the Department of Justice and Federal Bureau of Investigation to take any necessary measures to secure the site. https://t.co/I3O9B2pvTg pic.twitter.com/Aq844gOh4C
— Senator Hawley Press Office (@SenHawleyPress) July 16, 2020
Hawley asked the company several questions about how the violation occurred and how widespread the impact was. Dorsey’s own account has been hacked in the past and used to send racist messages.
Twitter shares have risen 11.3% this year, excluding the late trading action on Wednesday, while the S&P 500 index has dropped 0.1%.
Cybersecurity experts and policymakers now worry that the bitcoin scam may mask a much more troubling data breach involving the personal communications of the world’s most powerful people https://t.co/L89NygM87B
— CNN (@CNN) July 16, 2020
THE TWITTER HACK
I may be crazy, but I’m still the founder of the World’s largest computer security firm, and I’m telling you:
2 factor authentication is Twitter’s worst security threat. It exposes users to the trivial SIM Swap hack, which @Jack was a victim of.
Wake up Jack! pic.twitter.com/c16RWi52ku
— John McAfee (@officialmcafee) July 16, 2020
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