Twitter Implements Scam Safeguards, but Google’s Account Still Gets Hacked

Neutral Twitter Implements Scam Safeguards, but Google’s Account Still Gets Hacked

Twitter has been on the losing side of an ongoing battle with scammers who are leveraging the platform's user base to steal cryptocurrencies. However, the company has revealed that it's implemented some safeguards in an attempt to reduce the frequency of such scams and better protect its users.

Twitter Issues Statement, Implements Scam Countermeasures

Twitter, the popular social media platform originally known for limiting discussion to 140 characters, has been fighting a growing trend where cybercriminals hijack accounts - often verified accounts - of major brands, big-name celebrities, and cryptocurrency industry executives and entrepreneurs.

The likenesses are imitated, and then used to lure users into sending a small sum of cryptocurrency to a scammer's wallet, with the promise of a larger sum being sent in return. Except the sending user is left high and dry after they realize they are not only getting the promised larger sum, but that they've lost the initially sent assets as a result of the scam.

Related Reading: Crypto Scammers Steal $150K Posing As Elon Musk

Yesterday, one of the U.S.'s largest retail chains, Target, had their verified account of 1.92 million followers hacked.

A posted tweet on it stated that it was doing a cryptocurrency giveaway that led to over $38,000 in Bitcoin being stolen from Target's customers. Target issued a statement apologizing to its customers and explaining the situation. However, the retail giant cannot be too pleased with the way Twitter has allowed this problem to run rampant on its platform, and continue to escalate.

Following the incident, Twitter issued a statement.

"We've been in close contact with Target this morning and can also confirm that their account was inappropriately accessed for approximately half an hour, after which we swiftly locked the account so Twitter could thoroughly investigate the issue," the company told Hard Fork.

Twitter also claimed it had discovered additional security breaches, and has since implemented some countermeasures aimed at thwarting future attempts from cryptocurrency scammers.

Google's Account Hacked Following New Countermeasures

Not even hours later after Twitter's statement, the G Suite verified account owned by Google was also breached, and used for wrongdoing. The G Suite account has over 800,000 followers, meaning that well over 2.5 million users were exposed to scammers in less than 24 hours due to the social media giant's inability to stop the spread of the ongoing issue.

Google removed the tweet, and said they were "investigating with Twitter now."

The company appears to be defenseless in the fight against these cybercriminals, which are said to reach as many as 15,000 bots as part of a growing botnet designed to scam Twitter users out of their crypto.

Jack Dorsey, Twitter's CEO, claimed the firm was "on it," and began exploring using "untapped potential" blockchain offers as a way to improve transparency and accountability on the social media platform.

Featured image from Shutterstock.

11/14/2018 / 22:00:47 Source: newsbtc

Bitcoin | Blockchain | Crypto | bitcoin | G Suite | google | Jack Dorsey | target | twitter | | BTC|Blockchain
BTC
1 BTC=$3,290.85
XRP
1 XRP=$0.2924
ETH
1 ETH=$86.67
XUC
1 XUC=$2.07
EOS
1 EOS=$2.00
BCH
1 BCH=$80.38

News Feed 50

Coindesk Neutral - A Year Ago Today Bitcoin’s Price Was at a Record $20k read more.
12/17/2018 / 11:20:09
Ccn Neutral - Bear Market Forces Ethereum Startup “Status” to Trim 25% of Its Employees read more.
12/17/2018 / 11:09:16
Ccn Neutral - Japanese Regulators Publish New Cryptocurrency Regulation Draft y Regulation Draft read more.
12/17/2018 / 11:06:23
Livebitcoinnews Neutral - A Decentralized Exchange Leaves 0x; ZRX Co-Founder Responds read more.
12/17/2018 / 11:00:11
Bitcoin.Com Neutral - Hit by Sanctions, Iranian Students in the UK Use Bitcoin to Bypass Banks read more.
12/17/2018 / 10:55:51
Cryptoglobe Neutral - #XRP Price Analysis – December 17 read more.
12/17/2018 / 10:45:00
Livebitcoinnews Neutral - Blame Regulation or Speculator Sell-Off… But the Crypto Community is Responsible for the Most Recent Price Drop read more.
12/17/2018 / 10:30:25
Coinnounce Neutral - Hong Kong tightening Bitcoin laws amidst the cryptocurrency market crash read more.
12/17/2018 / 10:24:20
Coinspeaker Neutral - Facebook Levies an Army of Blockchain Devs: New Crypto Economy on the Way? read more.
12/17/2018 / 10:23:41
Themerkle Neutral - Crypto Arbitrage Today: XMR, ZEC, Dash, TRX, EOS, DOGE read more.
12/17/2018 / 10:18:51
Cryptonewsreview Neutral - The cryptocurrency that’s overtaken Bitcoin as the main target of crypto jackers read more.
12/17/2018 / 10:17:17
Coinspeaker Neutral - #Bitcoin Price Analysis: BTC/USD Trends of December 17–23, 2018 read more.
12/17/2018 / 10:16:50
Coinspeaker Neutral - First Time Ever Ethereum Price Surpasses Bitcoin Cash read more.
12/17/2018 / 10:15:36
Cryptoglobe Neutral - CGCX.io to offer World’s First Blockchain-Based Investment Bank in Partnership with Archipelago Group and IBH Capital read more.
12/17/2018 / 10:15:00
Coindesk Neutral - This Brazilian Bank Is Using Ethereum to Issue a Stablecoin read more.
12/17/2018 / 10:00:49
Livebitcoinnews Neutral - #Ripple Price Analysis: XRP Near Crucial Juncture, Can Buyers Make It? read more.
12/17/2018 / 10:00:41
Newsbtc Neutral - Ethereum Hits Address Milestone But Activity and dApp Usage Down read more.
12/17/2018 / 10:00:35
Bitcoinist Neutral - Bitcoin Price Now Hinges On 50-Month Moving Average read more.
12/17/2018 / 10:00:35
Coinspeaker Neutral - Bitcoin Community Celebrates the Appointment of the New Pro-Crypto White House Chief read more.
12/17/2018 / 09:56:45
Themerkle Positive - Litecoin Price Remains Bullish After Hitting $27.5 read more.
12/17/2018 / 09:53:33
Cryptoglobe Neutral - Crypto Roundup - Facebook working on Blockchain & Crypto to fund the Mexico Wall read more.
12/17/2018 / 09:41:30
Ccn Neutral - Kaspersky Lab Says Cryptojacking Cases Have Risen 400% in 2018 read more.
12/17/2018 / 09:16:16
Cryptonewsreview Neutral - Republican Congressman suggests ‘Wall Coins’ to pay for Trump border barrier read more.
12/17/2018 / 09:08:06
Cryptoglobe Neutral - #Tron (TRX) Price Analysis – December 17 read more.
12/17/2018 / 09:01:46
Coindesk Neutral - Switzerland to Regulate Blockchain Within Existing Financial Laws read more.
12/17/2018 / 09:01:11
Newsbtc Neutral - Binance Incubator Program to Foster Innovation For Blockchain and Crypto read more.
12/17/2018 / 09:00:47
Coinnounce Neutral - Bitcoin Price: How Investor Emotions Affect Crypto Prices read more.
12/17/2018 / 08:24:26
Ccn Neutral - Hong Kong Regulators Set to Tighten Cryptocurrency Laws read more.
12/17/2018 / 08:13:51
Newsbtc Neutral - Cryptocurrency Market Update: Tether Tops Stellar Taking Fourth Spot read more.
12/17/2018 / 08:00:23
Livebitcoinnews Neutral - Former Goldman Sachs Executive-Founded CoinFi Reports on the Importance of Blockchain read more.
12/17/2018 / 08:00:12
Ccn Neutral - Crypto Market Defends $100 Billion But Traders Generally Not Optimistic read more.
12/17/2018 / 07:24:23
Cryptonewsreview Neutral - Have crypto will travel: booking site adds XRP support read more.
12/17/2018 / 07:13:28
Cryptonewsreview Neutral - Report suggests 87% of the trading volumes at top 25 cryptocurrency exchanges could be fake read more.
12/17/2018 / 07:05:17
Newsbtc Neutral - Bitcoin Price Watch: BTC Hesitates, But Recovery Seems Likely read more.
12/17/2018 / 07:00:22
Bitcoin.Com Neutral - Japan Publishes Draft Report of New Cryptocurrency Regulations read more.
12/17/2018 / 06:50:57
Cryptonewsreview Neutral - “Bitcoin is dead”, argues early cryptocurrency millionaire read more.
12/17/2018 / 06:25:38
Ccn Neutral - Ethereum Price Surpasses Bitcoin Cash for First Time Ever read more.
12/17/2018 / 06:16:35
Newsbtc Neutral - #Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis read more.
12/17/2018 / 06:00:36
99Bitcoins Neutral - Bitcoin News Summary – December 17, 2018 read more.
12/17/2018 / 06:00:29
Cryptonewsreview Neutral - The job to aim for in 2019? That’d be a blockchain developer read more.
12/17/2018 / 05:54:04
Cryptonewsreview Neutral - Bitcoin fan is hired by Donald Trump for senior White House role read more.
12/17/2018 / 05:50:55
Cryptonewsreview Neutral - John McAfee vs Donald Trump for US President? The campaign begins in earnest next month read more.
12/17/2018 / 05:47:53
Livebitcoinnews Neutral - Crypto Bear Market is So Bad That an ICO is Day Trading its Holdings read more.
12/17/2018 / 05:21:44
Coindesk Neutral - Hong Kong Exchange ‘Hesitant’ to Approve Bitmain IPO, Says Source read more.
12/17/2018 / 05:10:30
Newsbtc Neutral - #Ripple Price Analysis: XRP Could Retest Lows Before Higher read more.
12/17/2018 / 05:00:00
Coinnounce Neutral - Bitcoin panic selling made easier by Coinbase read more.
12/17/2018 / 04:41:25
Bitcoin.Com Neutral - BCH Devs Publish Bi-Directional Payment Concept Based on IPFS read more.
12/17/2018 / 04:35:42
Themerkle Neutral - Bitcoin Millionaire Airdrops Millions of Dollars in Hong Kong read more.
12/17/2018 / 04:20:48
Newsbtc Neutral - #Ethereum Price Analysis: ETH Could Turn Bullish Above $90 read more.
12/17/2018 / 04:08:57
Cointelegraph Neutral - Crypto Anarchist Manifesto Author Tim May Dies of Natural Causes, Report read more.
12/17/2018 / 03:04:00
Negative
4.2%
Neutral
94.5%
Positive
1.0%
Mixed
0.2%

Latest comments:

4 min
Hey Sam, how is it going? But I must explain to you how all this mistaken idea of denouncing of a pleasure and praising pain was born
3 min
Pretty good. Doing my homework.. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because
2 min
Any chance to go out? To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage
2 min
.. Maybe 40-50 mins. I don't know exactly. On the other hand, we denounce with righteous indignation and dislike men who are so beguiled
1 min
Anyway sounds great! These cases are perfectly simple and easy to distinguish.