View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Cybersecurity
July 23, 2020updated 11 Jul 2022 11:20am

DMs Raided in Twitter Hack that Saw Bill Gates, Elon Musk, Barack Obama’s Accounts Accessed

"We're embarrassed" says Twitter - but investors seem unconcerned.

By CBR Staff Writer

The hackers who breached Twitter security — taking over the accounts of Apple, Barack Obama, Bill Gates, Elon Musk and others to promote a cryptocurrency scam — also raided the inboxes of 36 of their targets, Twitter has confirmed.

“We’re embarrassed, we’re disappointed, and more than anything, we’re sorry”, the social media company said, confirming that the attack came after “a small number of employees” were phished and their credentials used to access Twitter’s internal systems, “including getting through our two-factor protections.”

“As of now, we know that they accessed tools only available to our internal support teams to target 130 Twitter accounts. For 45 of those accounts, the attackers were able to initiate a password reset, login to the account, and send Tweets. We are continuing our forensic review of all of the accounts to confirm all actions that may have been taken”, Twitter support said in a blog updated on July 22.

“In addition, we believe they may have attempted to sell some of the usernames.”

For up to eight of the Twitter accounts involved, the attackers took the additional step of downloading the account’s information through our “Your Twitter Data” tool, Twitter said. This is a tool that is meant to provide an account owner with a summary of their Twitter account details and activity. “We are reaching out directly to any account owner where we know this to be true. None of the eight were verified accounts.”

Among the eight, arguably curiously, was an “elected Dutch official”.

Twitter is “rolling out additional company-wide training to guard against social engineering tactics to supplement the training employees receive during onboarding and ongoing phishing exercises throughout the year” the company said.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Investors appear blase about the attack and the reputational impact on Twitter. The company’s share price barely wobbled and has since climbed again. Twitter reported revenues of $808 million in Q1, 2020. The company claims 166 million “monetizable” daily active users. In April it noted that “we have shifted resources and priorities to increase focus on our revenue products, particularly performance ads beginning with MAP, with the goal of accelerating our long-term roadmap.”

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.