Twitter Bitcoin Hack Caused by Phone-Based Phishing Attack

Twitter has disclosed extra facts about the July 15 incident in which hackers were being

Twitter has disclosed extra facts about the July 15 incident in which hackers were being able to obtain the accounts of a quantity of substantial-profile consumers to solicit bitcoin payments.

In a web site publish, the business explained hackers focused a smaller quantity of personnel by a cell phone spear-phishing attack to acquire precise staff credentials that permitted them to obtain inside help instruments.

“This attack relied on a sizeable and concerted endeavor to mislead selected personnel and exploit human vulnerabilities to get obtain to our inside techniques,” Twitter explained. “This was a placing reminder of how significant each and every individual on our group is in defending our provider.”

In overall, hackers focused one hundred thirty accounts and despatched tweets from forty five of them. The business explained the hackers also accessed immediate messages of 36 consumers and downloaded Twitter knowledge from 7 consumers.

Between the substantial-profile consumers whose accounts were being accessed were being Elon Musk, Joe Biden, Kanye West, Bill Gates, Michael Bloomberg, and Jeff Bezos. Tweets despatched from the accounts available to double the revenue that readers despatched to an anonymous bitcoin account. Hackers reportedly stole extra than $113,500 by the plan.

Graham Clule, a cybersecurity analyst in the U.K., explained that by the cell phone spear-phishing attack, a hacker possibly certain an staff to hand over credentials.

“When the employee named the quantity they may well have been taken to a convincing (but faux) helpdesk operator, who was then able to use social engineering techniques to trick the meant target into handing over their credentials,” Clulely wrote in a web site publish.

He explained the Twitter update debunked the plan that an staff assisted in the hack.

Twitter, citing the ongoing regulation enforcement probe, explained it would provide a extra thorough report at a later on date.

“Since the attack, we’ve significantly minimal obtain to our inside instruments and techniques to make certain ongoing account protection though we comprehensive our investigation,” the business explained.

Kim Kulish/Corbis via Getty Pictures

hackers, Twitter