Cybersecurity experts warn that the July 15 Twitter hack shows this The social network needs to strengthen its security to avoid a worse scenario with black swans with serious consequences.
In the recent incident, attackers launched a cryptocurrency giveaway scam by posting phishing messages through the kidnapped profiles of celebrities and high-ranking political figures around the world who collect more than 13 Bitcoin (BTC) victims.
The attack could have been worse
Ilya Sachkov, CEO of the threat information company Group-IB, believes that The attack showed a “major problem of poor financial literacy and poor cyber hygiene”.. He said to Cointelegraph:
“This could have ended much worse, severely impacted the stock market, or even led to a geopolitical catastrophe. This is the least that they could have done with access in god mode.”
James Carder, security director and vice president of LogRhytm Labs, said this In the midst of international efforts to contain the outbreak of the corona virus, hackers “quickly take advantage of and take advantage of the uncertainty of the moment” to gain financial benefits.
Carder said that Experts have to assess how the attack was possible and pointed out the need to strengthen social media platforms with regard to data protection:
“This hack also raises concerns about why Twitter has given employees the ability to tweet on behalf of their customers for the first time. It is clear that social media organizations need the ability to manage accounts, and in particular the ability to do so by removing them Content that is offensive or inappropriate should not allow employees to publish a completely unique tweet on behalf of a user, indicating a likely case of too many features available on the platform and insufficient robust controls. “
The risk of another incident remains high
Brett Callow, a threat analyst at the Emsisoft malware laboratory, said this later security efforts by Twitter may not be enough to rule out the possibility of another such incident in the future.
“Although Twitter will certainly work to improve its security, the fact is that There is no completely safe way to prevent accounts from being created and similar incidents almost certain to recuralthough hopefully not on this scale, “he said.
As Cointelegraph previously reported, The hackers who carried out the mass hijacking of Twitter don’t seem to be sophisticated Bitcoin users, as they left traces that lead to the main exchanges which probably contain the keys to their identity.