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"President Biden's transactions were not public and he had fewer than 10 friends on Venmo," BuzzFeed News reported Friday. None of the president's transactions were public, but Venmo users have friend lists usually comprised of phone contacts that are reportedly public by default. Many of the accounts were taken down after BuzzFeed News reached out to the White House, it reported. Calling it a national security issue, BuzzFeed News said it was able to see the president's network of contacts on Venmo, including his children, grandchildren and senior White House officials. “Assuming this wasn’t someone inside Twitter trying to take revenge, it appears to be a spear phishing attack – someone who has access to admin privileges that can override two-factor authentication and strong passwords fell victim to a hack”.Reporters were able to track down US President Joe Biden's Venmo account within 10 minutes of searching on the payments app, BuzzFeed News reported Friday. “The likelihood of attacks like this increase when people are working remotely it is much easier for bad actors to impersonate someone through an email and gain access to their accounts,” said Schmidt. Schmidt said that the attacks could be related to the fact that Twitter, like much of the rest of the tech industry, has transitioned to remote work during the coronavirus pandemic. And in 2019, two former employees were charged with spying after they allegedly accessed thousands of users’ account information and provided it to the government of Saudi Arabia. In 2017, a customer support employee briefly deleted Donald Trump’s account. It is not the first time Twitter has faced an insider threat. Dorsey himself was the victim of a Sim swap attack in 2019.īut Twitter’s description of the attack suggests a much more serious breach of the company’s internal systems, carried out by tricking or otherwise persuading an employee to provide access. It is not entirely uncommon for high-profile figures to suffer Twitter hacks. “We’re diagnosing and will share everything we can when we have a more complete understanding of exactly what happened.” “Tough day for us at Twitter,” chief executive Jack Dorsey tweeted on Wednesday evening.
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Twitter’s stock price tumbled more than 3% in after hours trading. Verified users, whose accounts feature a blue checkmark to denote that Twitter has confirmed their identities, were blocked from tweeting for about an hour. The company subsequently warned that some users would be unable to tweet or change their passwords as it worked to address the issue. “We are investigating and taking steps to fix it. “We are aware of a security incident impacting accounts on Twitter,” the company said on Twitter. Twitter issued its first statement approximately 90 minutes after scam messages began being sent out by Musk’s and Gates’ accounts, as the attack was ongoing. “These people could hold information gleaned from the hack for ransom in the future.” “The amount of damage this could cause is very high,” said Douglas Schmidt, a computer science professor at Vanderbilt University. Twitter has become a de facto wire service for the world and is used for official communications by governments during emergencies a hack on the scale of Wednesday’s attack could have been more disruptive or even dangerous. While the motives and source of the attack are not yet known, the coordinated hijacking of the verified communications streams of world leaders, celebrities and major corporate accounts was a frightening prospect. Tweets with similar messages were repeatedly deleted and re-posted by some of the compromised accounts over the course of Wednesday afternoon. The messages included the address of a bitcoin wallet whose balance grew rapidly to more than 11 BTC (more than $100,000) as the scam spread. Other compromised accounts include those of Kanye West, Michael Bloomberg, Uber, and a number of cryptocurrency exchanges or organizations. Twitter has said it is looking into the possible hacking of the accounts of Joe Biden and other prominent figures.