{"id":89065,"date":"2020-10-14T18:44:12","date_gmt":"2020-10-14T15:44:12","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ny-watchdog-attacks-twitter-over-jarringly-easy-bitcoin-scam-hack\/"},"modified":"2020-10-14T18:44:12","modified_gmt":"2020-10-14T15:44:12","slug":"ny-watchdog-attacks-twitter-over-jarringly-easy-bitcoin-scam-hack","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ny-watchdog-attacks-twitter-over-jarringly-easy-bitcoin-scam-hack\/","title":{"rendered":"#NY watchdog attacks Twitter over \u2018jarringly easy\u2019 Bitcoin scam hack"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a294791a8508\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a294791a8508\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ny-watchdog-attacks-twitter-over-jarringly-easy-bitcoin-scam-hack\/#Social_media_hackers_could_influence_markets_says_the_DFS\" >Social media hackers could influence markets, says the DFS<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#NY watchdog attacks <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> over \u2018jarringly easy\u2019 Bitcoin scam hack<\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2019\/02\/twitter-dorsey-bitcoin-blockchain-cryptocurrency-796x450.jpg\" \/><\/p>\n<div>\n                                The New York Department of Financial Services (DFS) has called on the government to regulate\u00a0social media giants in response to July\u2019s dramatic Bitcoin-<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">theme<\/a>d Twitter hack.<\/p>\n<p><span>\u201cGiven that Twitter is a publicly traded, $37 billion <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> company, it was surprising how easily the [h]ackers were able to penetrate Twitter\u2019s network and gain access to internal tools allowing them to take over any Twitter user\u2019s account,\u201d said the DFS in a <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.dfs.ny.gov\/Twitter_Report\">report published<\/a> Wednesday.\u00a0<\/span><\/p>\n<p>The DFS urged policymakers to consider regulating social media giants for their cybersecurity on top of antitrust matters and content moderation processes. This would bring internet giants like Twitter and Facebook in line with critical infrastructure such as utilities, telecoms, and finance.<\/p>\n<p>Twitter stock slipped up to 2% in the moments after release of the DFS report, however so had the tech-heavy NASDAQ 100 index.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Social_media_hackers_could_influence_markets_says_the_DFS\"><\/span>Social media hackers could influence markets, says the DFS<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Back in July, hackers leveraged accounts belonging to major celebrities like Barack Obama, Elon Musk to promote a \u201cdouble your Bitcoin\u201d scam in an attack that lasted hours. The DFS\u2019s own Twitter account was also reportedly compromised.<\/p>\n<p>Two weeks later, <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2020\/07\/31\/technology\/twitter-hack-arrest.html\">authorities arrested<\/a> an alleged 17-year-old Florida teen mastermind and two others, reportedly slapping the former (as an adult) with 30 felony charges including fraud. He\u2019s had <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/technology-53667664\">one court appearance<\/a> so far, which reportedly faced constant interruptions by Zoombombers posing as CNN and BBC <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> employees.<\/p>\n<p>Related Bitcoin <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" title=\"Trade on eToro\" href=\"https:\/\/partners.etoro.com\/B9157_A72407_TClick.aspx\" class=\"c-etoroTrade\" data-short=\"BTC\">BTC<\/a> wallet addresses suggest the hackers managed to swindle roughly $110,000 from unsuspecting users.<\/p>\n<p>\u201cThe implications of the Twitter Hack extend far beyond this garden-variety fraud,\u201d said the DFS. \u201cThere are well-documented examples of social media being used to manipulate markets and interfere with elections, often with the simple use of a single compromised account or a group of fake accounts.\u00a0In the hands of a dangerous adversary, the same access obtained by the [h]ackers \u2013 the ability to take control of any Twitter users\u2019 account\u00a0\u2013 could cause even greater harm.\u201d<\/p>\n<p><em>[Read:\u00a0Everything we know about how Twitter\u2019s biggest hack went down]<\/em><\/p>\n<p>For what it\u2019s worth, the market <em>did<\/em> react to the attack in the wake of the attack; Twitter stock opened 4% lower the following morning, representing $1 billion in market value lost.<\/p>\n<p>However, Twitter\u2018s share price quickly recovered throughout the course of the day\u2019s trade. It remains more than 40% up for the year, tracking just ahead of the NASDAQ 100.<\/p>\n<p>\u201cThe Twitter Hack demonstrates, more than anything, the risk to society when systemically important institutions are left to regulate themselves. Protecting systemically important social media against misuse is crucial for all of us\u2013consumers, voters, government, and industry. The time for government action is now,\u201d\u00a0concluded the DFS.<\/p>\n<p class=\"c-post-pubDate\">\n                                    Published October 14, 2020 \u2014 15:44 UTC\n                                <\/p>\n<\/p><\/div>\n<p><script data-src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&amp;appId=378011798897423&amp;version=v2.6\" id=\"socialSrcFacebook\" type=\"text\/template\"><\/script><\/p>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener noreferrer\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/hardfork\/2020\/10\/14\/ny-watchdog-attacks-twitter-over-jarringly-easy-bitcoin-scam-hack\/\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#NY watchdog attacks Twitter over \u2018jarringly easy\u2019 Bitcoin scam hack&#8221; The New York Department of Financial Services (DFS) has called on the government to regulate\u00a0social media giants in response to July\u2019s dramatic Bitcoin-themed Twitter hack. \u201cGiven that Twitter is a publicly traded, $37 billion technology company, it was surprising how easily the [h]ackers were able&#8230;<\/p>\n","protected":false},"author":1,"featured_media":89066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/hardfork?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2019\/02\/twitter-dorsey-bitcoin-blockchain-cryptocurrency.jpg&signature=4fd7da170506f89bdae8c93ff90c3719","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-89065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/89065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=89065"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/89065\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/89066"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=89065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=89065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=89065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}