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Twitter suffers largest security breach in history, accounts of Obama, Bill Gates, Joe Biden hacked in Bitcoin scam

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Twitter suffered a major security breach on Wednesday as hackers accessed its internal systems to hijack accounts of some of the prominent figures including US presidential candidate Joe Biden, former American President Barack Obama, billionaire Elon Musk, as well as that of Apple and Uber and used them to solicit digital currency.

Other compromised accounts include those of Kanye West, reality TV star Kim Kardashian, Michael Bloomberg, Microsoft co-founder Bill Gates, Amazon CEO Jeff Bezos and a number of cryptocurrency exchanges or organizations.

Hijacked accounts posted scam tweets soliciting bitcoin transfers from followers. According to reports, the hackers have “so far succeeded in getting over $50,000 in Bitcoin transfers”.

Twitter confirmed the breach more than six hours after the hack began and attributed it to a “coordinated social engineering attack” on its own employees that enabled the hackers to access “internal systems and tools”.

As Twitter investigates what appears to be the largest and most coordinated hack in Twitter’s history, the company said, “We’re looking into what other malicious activity they may have conducted or information they may have accessed and will share more here as we have it”.

“Internally, we’ve taken significant steps to limit access to internal systems and tools while our investigation is ongoing,” Twitter said in a series of tweets.

The compromised accounts, which count tens of millions of followers, sent a series of tweets proposing a classic bitcoin scam. Followers were told that if they transferred cryptocurrency to a specific bitcoin wallet, they would receive double the money in return.

reportedly, some were duped, sending Bitcoin payments and expecting a double return that never arrived.

As the security breach came to light, Twitter, in an extraordinary measure, disabled the ability to tweet from validated accounts for about two hours.

A tweet that appeared on Elon Musk’s Twitter feed read: “Happy Wednesday! I am giving back Bitcoin to all of my followers. I am doubling all payments sent to the Bitcoin address below. You send 0.1 BTC, I send 0.2 BTC back!” The offer was valid “only for 30 minutes”, the post read, news agency AFP reported.

A similar tweet was seen on Joe Biden’s handle which read, “I am giving back to the community. All Bitcoin sent to the address below will be sent back doubled! If you send $1,000, I will send back $2,000. Only doing this for 30 minutes…Enjoy! (sic.)”

Meanwhile, the scammer’s website was quickly pulled offline. Kristaps Ronka, chief executive of Namesilo, the domain registrar used by the scammers, told TechCrunch that the company suspended the domain “on the first report” it received.

The security researchers found that the attackers had fully taken over the victims’ accounts, and also changed the email address associated with the account to make it harder for the real user to regain access.

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Govt blocks several social media handles circulating fake, inciting content

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In the midst of the enormous lockdown on contemptuous posts, sources said that the hostile substance actioned related to the counterfeit video of a cupboard instructions, an enlivened phony video showing viciousness against the Prime Minister, and disparaging posts focusing on Hindu ladies transferred via web-based media handles.

The public authority has hindered a few web-based media handles that were coursing “counterfeit and affecting” content on Twitter, YouTube, and Facebook, Minister of State for IT Minister Rajeev Chandrasekhar said on Saturday.

Proprietors of these records are being recognized for activity under the law, he added.

“Taskforce on Safe and Trusted Internet at @GoI_MeitY at work. Handles that attempted to push counterfeit/inducing content on twitter, youtube, fb, insta have been impeded,” Chandrasekhar Tweeted on Saturday.

The pastor said proprietors of such records are being distinguished for activity under the law, and declared that stages will be investigated on their due steadiness.

On Friday evening, the pastor had reacted to a tweet that encouraged him to make a move against the “makers of an exceptionally fierce video that includes the PM”, which “has been in the public area since December 2020”.

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PhonePe will now charge upto Rs 2 per transaction for mobile recharges

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Walmart-owned digital payments app PhonePe will now charge processing fees for every transaction. This means that you will no longer be able to transfer money or recharge your phone without shelling out a little extra money for every transaction. The company has said that it would charge fees in the range of Re 1 to Rs 2 per transaction for mobile recharges for value above Rs 50. PhonePe is the first payments’ app to have started charging for UPI-based transactions

“On recharges, we are running a very small-scale experiment where a few users are paying for mobile recharges. Recharges below Rs 50 are not charged, recharges between Rs 50 and Rs 100 are charged Re 1 and above Rs 100 are charged Rs 2. Essentially, as a part of the experiment, a majority of users are either not paying anything or paying Re 1,” a PhonePe spokesperson told PTI.

PhonePe s charging processing fees for UPI-based transactions for value above Rs 50. If you don’t spend upto Rs 50, you will not be charged any amount by the digital app. Like other payments apps, PhonePe will also begin charging processing fees for payments made through credit cards. PhonePe is one of the most popular, widely-used payments app in India along with Paytm and Google Pay. It has recorded over 165-crore UPI transactions on its platform in September, clocking over 40 per cent share among the app segment, the PTI report stated.

“We are not the only player or payment platform charging a fee. Charging a small fee on bill payments is now a standard industry practice and is done by other biller websites and payment platforms also. We charge a processing fee (called a convenience fee on other platforms) on payments with credit cards only,” the spokesperson added.

For the unversed, just like Paytm and Google Pay, PhonePe can be used to transfer money with BHIM UPI, manage multiple bank accounts, check account balance, save beneficiaries across multiple bank accounts like SBI, HDFC, ICICI & 140+ banks. Recharge prepaid mobile numbers like Jio, Vodafone, Idea, Airtel etc, recharge DTH like Tata Sky, Airtel Direct, Sun Direct, Videocon etc, pay various bills and more. You can also buy or renew insurance policies using PhonePe.

Source : IndiaToday

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Bitcoin crosses $59,000 after sharp rally, Ether up nearly 5%

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Cryptocurrency prices were mixed on Friday with Bitcoin and Ether witnessing gains while Stellar and Dogecoin were trading weaker. Check the latest cryptocurrency prices and trends.

Cryptocurrency prices were mixed on Friday with Bitcoin and Ether witnessing gains while Stellar and Dogecoin were trading weaker.

Bitcoin hit a six-month high on October 15, as it rose nearly 3 per cent and was trading at $59,694.

The world’s largest cryptocurrency is approaching April’s record high of $64,895.

The most popular altcoin, Ether, was trading at $3,827 or more than 5 per cent higher.

The global cryptocurrency market cap is $2.43 trillion, a 1.93 per cent increase in the past 24 hours.

Meanwhile, the total crypto market volume over the last 24 hours is $102.5 billion, a decline of 11.63 per cent.

Here are the latest prices and trends of popular cryptocurrencies:

Cryptocurrency Price (US Dollar) 24-hour change Market cap Volume (24 Hours)
Bitcoin 59,694.90 3.44% $1.12 trillion $1.56 billion
Ether 3,827.94 5.51% $449.38 billion $1.28 billion
Dogecoin 0.232463 -1.44% $30.58 billion $1.22 billion
Litecoin 183.76 2.37% $12.63 billion $118.28 million
XRP 1.14 0.57% $114.17 billion $4.77 billion
Cardano 2.19 0.67% $71.17 billion $190.15 million

DISCLAIMER: The cryptocurrency prices have been updated as of 12:30 pm and will change as the day progresses. The list is intended to give a rough idea about popular cryptocurrency trends and will be updated daily.

 

Source : IndiaToday

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