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NY watchdog attacks Twitter over ‘jarringly easy’ Bitcoin scam hack

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The New York Department of Financial Services (DFS) has called on the government to regulate social media giants in response to July’s dramatic Bitcoin-themed Twitter hack.

“Given that Twitter is a publicly traded, $37 billion technology company, it was surprising how easily the [h]ackers were able to penetrate Twitter’s network and gain access to internal tools allowing them to take over any Twitter user’s account,” said the DFS in a report published Wednesday. 

The DFS urged policymakers to consider regulating social media giants for their cybersecurity on top of antitrust matters and content moderation processes. This would bring Twitter and Facebook in line with critical infrastructure such as utilities, telecoms, and finance.

Twitter stock slipped up to 2% in the moments after release of the DFS report, but so had the tech-heavy NASDAQ 100 index.

Social media hackers could influence markets, says the DFS

Back in July, hackers leveraged accounts belonging to major celebrities like Barack Obama and Elon Musk to promote a “double your Bitcoin” scam in an attack that lasted hours. The DFS’s own Twitter account was also reportedly compromised.

Two weeks later, authorities arrested an alleged 17-year-old Florida teen mastermind and two others, reportedly slapping the former (as an adult) with 30 felony charges including fraud. He’s had one court appearance so far, which reportedly faced constant interruptions by porn-peddling Zoombombers posing as CNN and BBC News employees.

Related Bitcoin BTC wallet addresses suggest the hackers managed to swindle roughly $110,000 from unsuspecting users.

“The implications of the Twitter Hack extend far beyond this garden-variety fraud,” said the DFS. “There are well-documented examples of social media being used to manipulate markets and interfere with elections, often with the simple use of a single compromised account or a group of fake accounts. In the hands of a dangerous adversary, the same access obtained by the [h]ackers – the ability to take control of any Twitter users’ account – could cause even greater harm.”

[Read: Everything we know about how Twitter’s biggest hack went down]

For what it’s worth, the market did react to the attack; Twitter stock opened 4% lower the following morning, representing $1 billion in market value lost.

However, Twitter‘s share price quickly recovered throughout the course of the day’s trade. It remains more than 40% up for the year, tracking just ahead of the NASDAQ 100.

“The Twitter Hack demonstrates, more than anything, the risk to society when systemically important institutions are left to regulate themselves. Protecting systemically important social media against misuse is crucial for all of us–consumers, voters, government, and industry. The time for government action is now,” concluded the DFS.

Published October 14, 2020 — 15:44 UTC

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Charge Your Phone Wirelessly With 50% off a Multifunctional LED Lamp

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Best Tech DealsBest Tech DealsThe best tech deals from around the web, updated daily.

White Wireless Charge Lamp | $18 | Amazon | Clip coupon + code ABC88699
Black Wireless Charger Lamp | $20 | Amazon | Promo code ABC88699

When you’re ready to turn in for the night, you don’t want to forget to charge your phone— especially if your mobile device doubles as your alarm clock.

With this wireless charger lamp, you can make this crucial step of your nightly routine even easier by just setting your phone on the wireless charging pad and… well, that’s all there is to it!

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Other functions include multiple lighting modes as well as a sleep timer option for auto shut-off of the light after 30 or 60 minutes.

This lamp can be yours in white for $18 if you clip the coupon on Amazon (it’s below the original $40 price) and add promo code ABC88699 at checkout.

You can snag the black version for $20 using the same code—no coupon though, sorry.

Don’t sleep on this deal! Who knows how long stock or the coupon code will last?

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Keep That Hotdish Hot With 65% Off a Luncia Casserole Carrier, Only $11 With Promo Code

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Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Luncia Double-Decker Dish Carrier | $11 | Amazon | Promo code SDDU9S7F

It has been a long time since the days we could safely have a potluck or other gatherings, but we have a fantastic deal perfect for once those times return. These double-decker Luncia dish carriers can be had for 65% off when you add promo code SDDU9S7F at checkout and clip the coupon on the site (it’s just below the price). These holders fit 9″x 13″ sized baking dishes.

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That means you can insulate and keep two dishes of food warm for only $11 instead of $30. What’s more, your Luncia carrier will arrive by Christmas if you order today as a Prime member.

Just add promo code SDDU9S7F and clip the 5% off coupon to bring the price down to $11 for the blue or the grey option.

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Grab this offer while it’s still around!


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Conquer Your Pup’s Dander and Fur With $700 Off a Cobalt or Charcoal Bobsweep PetHair Plus Robot Vacuum

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Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Bobsweep PetHair Plus Robot Vacuum & Mop (Cobalt) | $200 | Best Buy

Bobsweep PetHair Plus Robot Vacuum & Mop (Charcoal) | $200 | Best Buy

Allergies can be bad enough as the seasons change. Don’t let pet hair and dander add to that by vacuuming it up early and often. That chore is easier said than done— unless you have a robot vacuum to do the work for you. This lovely bright cobalt Bobsweep PetHair Plus robot vacuum and mop, only $200 today at Best Buy seems like an ideal option. That’s a whopping $700 off, by the way.

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You can get the same deal for the charcoal version of the robot vac, too. This model is not only specially made for picking up pet hair, it self docks and charges when it’s finished with the work.

It also comes with a mop attachment, so it can take care of those kitchen floors for you as well. Grab it while it’s still available for this fantastic price!

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