Protect your Twitter account so a cryptocurrency scam doesn’t take over

Posted on Wednesday, September 19, 2018 by User Not Found

Protecting yourself online is important no matter the account or platform. But today, let’s focus specifically on Twitter, and even more specifically on scam artists posing as cryptocurrency investors, because that’s exactly what’s playing out on AICPA’s Twitter handle right now (at the time of writing).

@AICPA, which typically posts the types of articles and information you would expect, e.g. data visualization tips, making the most of work meetings, accounting standard updates and so on, has been retweeting nothing but cryptocurrency news from the account @coinbase since Tuesday, Sept. 18.

twitter - coinbase

The account name, which obviously used to reference the American Institute of Certified Public Accountants, now says “Coinbase Promotion.” The bio and website in the @AICPA profile have changed to reflect Coinbase stats. And, worst of all, according to Going Concern, the hackers set up fake Twitter profiles and are trying to get innocent people to “invest” in cryptocurrencies.

It seems that AICPA is aware of the problem and working with Twitter to get it resolved, but the hack has been ongoing now for at least 24 hours.

So, what can you do to ensure this does not happen to you or your organization?

Here is a basic overview of account security tips directly from Twitter, among them:

  • Use a strong password that you don’t reuse on other websites.
  • Use login verification.
  • Be cautious of suspicious links and always make sure you’re on before you enter your login information.
  • Never give your username and password out to third parties, especially those promising to get you followers, make you money, or verify you.
  • Make sure your computer software, including your browser, is up-to-date with the most recent upgrades and anti-virus software.

So, let this serve as a warning/reminder to change your password if you haven’t done so in a while, and be wary of who has access to your profile. It’s tempting, when you run a business profile, to give access to your marketing person, CEO, events person, vendors and more. But, the more cooks in the kitchen, the more opportunities for someone to steal an apron and hop in, too, usually without any of the other chefs noticing they’re there.

Our most recent podcast episode covers cyber fraud and tips for protecting yourself online. Take a listen now and leave us your questions and comments below!

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