Everyone thought they were safe.
No one had any reason for concern.
And Barack Obama and Joe Biden were caught up in this one shocking scam.
Just this past Wednesday, Twitter exploded as scammers hacked into the accounts of the former president, former vice president, and many other influential people.
Their intent was to have people send Bitcoin to their private account all while masquerading as these important people.
The messages were mostly the same; they said if people sent in money, then they would give double whatever was sent in back to the community.
The tweet on Obama’s page read:
“I am giving back to my community due to COVID-19! All Bitcoin sent to my address below will be doubled. If you send $1000, I will send back $2000!…Only doing this for the next 30 minutes! Enjoy.”
Unfortunately, it worked.
Bitcoin reported that it received transactions from more than 200 people before Twitter was able to shut down the scam.
The scammers did not just target the former president and former vice president.
They cast their (inter)net wide, catching a seemingly random assortment of powerful figures.
From celebrities like Wiz Khalifa to billionaires like Jeff Bezos and Bill Gates, people were reporting the hack faster than Twitter could shut it down.
But it did not stop there.
The scammers even managed to ensnare huge corporations like Uber and even Apple.
Twitter shut down all accounts for the day, attempting to resolve the issue.
While the scammers could not gain any more money, they got away with a hefty chunk of change.
In total, Bitcoin estimated the amount stolen to be over $115,000 dollars.
When questioned, Twitter Support announced that the company was “investigating and taking steps to fix ‘the security incident.’”
At 9pm that night, they gave another announcement which read:
“As we continue working on a fix…functionality may come and go. We’re working to get things back to normal as quickly as possible.”
Thankfully, no new incidents have been reported since then, but this ordeal raises a few questions on the issue of cybersecurity.
The internet itself is not very old, but has radically changed over its approximate thirty years in existence.
From floppy disks that could only hold 1.4 MB to towering monoliths that contain literal TB of data, the internet has grown dramatically.
The amount of data on the internet is mind-boggling.
Due to the rapid and unprecedented expanse of the internet and its capabilities, there have been many examples as to how cybersecurity cannot keep up with the latest developments.
This enormous hack is just one example in a long, long list of losses.
And it raises concerns.
If scammers can hack the algorithms and firewalls surrounding some of the most influential peoples’ Twitter accounts, what could they do to an average person’s computer?
So much personal data is stored on computers; tax returns, salaries, bank statements, social security numbers, and so much more.
Is the internet just a ticking time bomb or will cybersecurity finally catch up to its massive counterpart?
Only time will tell.
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