Twitter Hack

Blue Bird has been hacked by Bitcoin guys and we will have to talk about the same

Big Story

Unidentified hackers broke into the Twitter accounts of technology moguls, politicians, celebrities, and major companies Wednesday in an apparent Bitcoin scam.

and what Twitter has to say

Here is what happened at Twitter 

Twitter described it as “social engineering,” which typically means a hacker can trick someone within Twitter HQ into providing their login credentials for access

Clearly can’t be that simple, right?

But a report from Vice on described a much darker scenario. Vice’s reporter told that Twitter employees have been paid off to gain access to a tool that provides control over high-profile Twitter accounts.

What the heck…

And this is not the first-time breach twitter had security lapses. In 2017 Twitter worker deleted President Donald Trump’s account, Can you imagine deleting the account of Supremo? Well, it was an employee’s last day and clearly, he was not happy with the farewell party organized by the HR Team. Damnit HR…

Well Cleary Twitter CEO Jack Dorsey will have hard time Read Letter by US Senator (Read here: https://bit.ly/30lQQD6)

What the heck is Data Breach and why do I hear this very often? Well, a data breach is any incident where confidential or sensitive information has been accessed without permission. It’s like accessing your bank account without your permission. Do you remember Facebook – Cambridge Analytica Scandal hitting 87 million users, well it was also reported that it leads to “hacking” of US Election and maybe “Indian Elections” also

Some of the biggest hacks wee Yahoo with 3 billion accounts were breached, Facebook security breach with 540 Million accounts was compromised on amazon cloud computing services and India is not immune to the same. 3.13 Lacs cybersecurity incidents were reported in 2019 alone ranging from Startup (Unacedemy) to India’s Largest Bank SBI being affected by security lapses

However it is difficult to identify the true cost of Data Beach but according to research conducted by the Ponemon Institute, The average total cost per breach has increased from $3.54 million in 2006 to $8.19 million in 2019 and it takes 279 days to identify and resolve and contain the breach

However, a months-long data breach at American Medical Collection Agency in 2018-2019 did just that, forcing its parent company into Chapter 11 bankruptcy. As per the survey of 1,008 small businesses with up to 500 employees, found that after suffering a data breach 10% went out of business, 25% had to file for bankruptcy and 37% experienced a financial loss.

Data has been new oil but can we have leakage to the barrel? 

Until then…

Published By: akash On 03/31/21 7:03 AM