X – The Wild West of the Internet

It looks like Elon Musk’s social network X has become the new favourite place for threat actors who want to distribute their malware, especially malicious crypto-malware.

X users fed up with constant stream of malicious crypto ads (bleepingcomputer.com)

Hackers hijack govt and business accounts on X for crypto scams (bleepingcomputer.com)

US SEC’s X account hacked to announce fake Bitcoin ETF approval (bleepingcomputer.com)

However I expect most cyber-experts would have predicted that removing most of the moderators and not maintaining your software monitoring and protection, would lead to cyber-criminals moving in. It is a shame Elon did not have any cyber-experts on the payroll to advise him of this!

Your takeaway from this…

If you use X to promote your business, then your team who do this are being regularly being exposed to these malware ads. Do they know not to click on them?

I think it is time for me to close our X accounts.

Clive Catton MSc (Cyber Security) – by-line and other articles

Further Reading