- Title: Twitter shares stumble after high-profile, unprecedented hack
- Date: 16th July 2020
- Summary: SCOTTSDALE, ARIZONA, UNITED STATES (JULY 16, 2020) (REUTERS VIA ZOOM) (SOUNDBITE) (English) CYBERSCOUT, FOUNDER, ADAM LEVIN, SAYING: "You know, the most important thing is that that companies have to beef up their mechanisms in order to protect their employees and have their employees be able to protect them as well. People have to be, especially in the work at home environment, much more sensitive to the fact that they will be victimized. Certainly, it's been in the news that there have been countless COVID-related scams, or scams relying on the fact that people are working from home and may not be using the most secure devices, maybe sharing devices, and maybe so focused on either the issue of COVID or a specific issue involving their business that they may respond almost immediately to something that they wouldn't have responded to if they'd been in an office environment."
- Embargoed: 30th July 2020 18:25
- Keywords: Barack Obama Bill Gates Elon Musk Joe Biden Kim Kardashian-West Twitter Warren Buffett access hack internet tweets work from home
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- Country: USA
- Topics: Company News Markets,Economic Events
- Reuters ID: LVA00DCN28TAF
- Aspect Ratio: 16:9
- Story Text: Shares of Twitter dropped on Thursday (July 16), a day after hackers gained access to the social media company's internal systems to hijack accounts of several politicians, billionaires, celebrities and companies.
Hackers infiltrated the twitter handles of U.S. presidential candidate Joe Biden, reality TV star Kim Kardashian, former U.S. President Barack Obama and billionaire Elon Musk to solicit digital currency - raising major concerns about security on the widely-used platform.
"It is really indicative of the dangers we face, especially in a work from home environment, where someone can use our access, because we made a mistake, clicked on a wrong link, opened a wrong attachment, maybe answered the phone and gave way to too much information, overshared on social media," Adam Levin, founder of cyber security firm, CyberScout, told Reuters." And, as a result of that, we not only have made our company vulnerable, but we've made customers of our company vulnerable."
Twitter said hackers targeted employees with access to its internal systems and "used this access to take control of many highly-visible (including verified) accounts and Tweet on their behalf."
In an extraordinary step, Twitter temporarily prevented many verified accounts from publishing messages as it investigated the breach.
Twitter Chief Executive Officer Jack Dorsey said in a tweet on Wednesday that it was a "tough day" for everyone at Twitter and pledged to share "everything we can when we have a more complete understanding of exactly what happened."
New York Governor, Andrew Cuomo, issued a statement saying that he is "directing a full investigation into this massive hack."
Other high profile accounts that were hacked included rapper Kanye West, Amazon founder Jeff Bezos, investor Warren Buffett, Microsoft co-founder Bill Gates, and the corporate accounts for Uber and Apple Several accounts of cryptocurrency-focused organizations were also hijacked.
Publicly available blockchain records show that the apparent scammers received more than $100,000 worth of cryptocurrency.
(Production: Aleksandra Michalska)
- Copyright Holder: REUTERS
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