The law enforcement agency said hackers committed cryptocurrency fraud after they seized control of the Twitter accounts of celebrities and political figures including Joe Biden, Kim Kardashian, Barack Obama and Elon Musk.
A number of high-profile Twitter accounts, including those of U.S. presidential candidate Joe Biden, Amazon CEO Jeff Bezos, Bill Gates, Elon Musk, Uber, and Apple, were breached simultaneously in what's a far-reaching hacking campaign carried out to promote a cryptocurrency scam.
A total of 12.58 bitcoins - worth nearly $116,000 - were sent to email addresses mentioned in the tweets, according to Blockchain.com, which monitors crypto transactions. We advise the general public to not fall sufferer to this rip-off by sending cryptocurrency or cash in relation to this incident. But the coordinated hack of some of the most prominent and well-followed accounts all at once speaks to something larger and better-organized than a single lone wolf hacker. The person also said it was unlikely that a Twitter employee was involved with the account takeovers.
In this environment, what havoc might a more canny and manipulative attacker cause by secretly taking over the accounts of the powerful? The social media company said it was a "coordinated social engineering attack".
Wednesday's hack was the worst to date. The social media operator told clients that personal data included the last four digits of card numbers, email addresses, and phone numbers.
Frank Pallone, a Democrat who chairs the House Energy and Commerce Committee that oversees a sizeable portion of US tech policy, said the company needed to explain how the hack took place.
"Internally, we've taken significant steps to limit access to internal systems and tools while our investigation is ongoing". Same thing goes for other Silicon Valley companies and 100% of all social media companies.
"It is not hard to imagine future attacks being used to spread disinformation or otherwise sow discord through high-profile accounts, particularly through those of world leaders", he wrote. The New York Periods did not specify what individuals past incidents were being, but they could refer to the November 2nd, 2017 incident wherever a rogue personnel deactivated Trump's account on his final day at the organization.
Even if an account is locked, Twitter said that doesn't necessarily mean the company has evidence that the account in question was compromised or accessed.
"I am giving back to the community", the tweet from Biden's account read. Several users with two-factor authentication - a security procedure that helps prevent break-in attempts - said they were powerless to stop it.
"When you have these less professional criminal groups, you see chaotic outcomes", said Nixon, who tracked down and preserved private chats in the Twitter hack.
Twitter says that immediately after it figured out the pattern, it locked down the accounts of users who were affected and took down posts by the hijackers.