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TwitterHack inside job or not?

Screen Shot 2020-07-16 at 10.06.59 PM

If your net worth makes the GDP of some countries look like pocket change, then you can bet your last bitcoin that your Twitter account was (or eventually will be) a victim of the Twitter Hack of 2020. Like everything else catastrophic that has occurred in 2020, Twitter Hack was yuge and seems to have targeted some very high profile, and financially sound individuals and companies.

Accounts from Apple to WarrenB, were the victim of a #Bitcoin #Scam where a message was tweeted stating that if you sent $1000 work of #Bitcoin to the account mentioned, that you would in return receive $2000!

Coming from the accounts of the like of @elonmusk who has been know to be generous in many ways, left many users gullible and quickly sent the Bitcoin to the account. Only to realize shortly thereafter that they were just scammed of $1000.

Because #Bitcoin transactions are more or less untraceable, the hackers have been able to escape with over $120,000 as of the time of writing this article. Many of the compromised accounts have been frozen and #Twitter is taking measures to deal with the incident.

It’s often said in the field of CyberSecurity that your greatest threat comes from the inside i.e. your own employees. You can have the greatest AntiVirus, Firewall, VPN, IDP and the list of acronyms can go one, but there is little you can do to truly protect yourself from internal human resource who either knowingly or unknowingly imposes a threat to the organization.

This can be from a simple (personal) USB drive being plugged in the network by a worker or, based on what is being reported so far, an inside job, where employees who have elevated levels of security and knowingly use that privilege in a Cyber Attack.

While the investigation for Twitter Hack is still ongoing, many high ranking law enforcement agencies, inclusive of the #FBI have alluded to the idea that this is an inside job.

And come one, let’s face it; one would think that the likes of Apple, Jeff Bezos, Barrack Obama and Bill Gates would at least set up 2 Factor Authentication and have Strong Passwords for something as public facing as their Twitter Account. Or at least, CyberSafeTT would like to give them that benefit of the doubt.

Here is a list of accounts that have been compromised:

  • Apple
  • Binance
  • Coinbase
  • Coindesk
  • Gemini
  • Uber
  • Jeff Bezos, Amazon CEO
  • Kanye West, music mogul
  • Bill Gates, Microsoft CEO
  • Elon Musk, Tesla and SpaceX CEO
  • Joe Biden, 2020 Democratic presidential nominee
  • Barack Obama, former U.S. president
  • Warren Buffett, billionaire investor
  • Michael Bloomberg, billionaire and former democratic presidential candidate



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