In a recent development, authorities apprehended an Alabama man linked to a significant breach of the Securities and Exchange Commission’s social media account, which led to a dramatic surge in Bitcoin’s value. The Federal Bureau of Investigation (FBI) reported the arrest of Eric Council Jr., aged 25, who now faces several serious charges including conspiracy, aggravated identity theft, and access device fraud.
On January 9th, Council, along with accomplices, executed a scheme to hack into the @SECGov account. Posing as SEC Chair Gary Gensler, they published a misleading message claiming that the SEC had approved Bitcoin ETFs for all national securities exchanges. This false announcement caused Bitcoin’s price to jump by over $1,000.
However, once the SEC regained control and clarified that the post was fraudulent, Bitcoin’s price plummeted by more than $2,000. Given that many cryptocurrency investors were closely monitoring the SEC for approval of Bitcoin ETFs, this incident highlighted the volatility within digital asset markets.
The FBI identified that the accomplices employed a technique known as “SIM swapping,” allowing them to gain unauthorized access to phone lines. Council allegedly created a fake ID to obtain a new SIM card, subsequently acquiring access codes for the SEC’s account, which he shared with others in his scheme. Following the incident, he even searched for information related to hacking and potential federal investigations. Council is scheduled to make his initial court appearance shortly.
Stay Safe in the Digital Age: Tips, Hacks, and Facts
In today’s technology-driven world, security breaches and online scams have become increasingly common. The recent case of Eric Council Jr. highlights the need for individuals and businesses alike to adopt preventive measures to protect against such threats. Here are some important tips, life hacks, and interesting facts to keep you safe online.
1. Secure Your Accounts
Make sure to use strong, unique passwords for all your online accounts. Consider using a password manager to keep track of them. Enable two-factor authentication (2FA) wherever possible. This adds an extra layer of security by requiring a second form of verification, such as a text message code or an authentication app.
2. Be Wary of Phishing Attempts
Phishing scams can come in many forms, including emails, texts, or even social media messages. Always verify the source before clicking on any links or providing personal information. If it seems suspicious, even from a known entity, err on the side of caution.
3. Monitor Your Digital Footprint
Regularly check your online presence by searching for your name and reviewing what information is publicly available. You can take steps to remove any content you are uncomfortable with, ensuring that your digital footprint reflects what you want others to see.
4. Update Software Regularly
Keeping your operating system, apps, and antivirus software up to date is crucial. Software updates often include security patches that protect against newly discovered vulnerabilities. Set your devices to update automatically to stay on top of these changes.
5. Understand SIM Swapping
As highlighted in the case of the SEC breach, SIM swapping is a rising threat. This method can allow hackers to take over your phone number. To safeguard against this, contact your mobile provider and inquire about additional security measures, such as requiring a PIN to access account changes.
6. Educate Yourself About Scams
Stay informed about the latest scams and hacking techniques. Knowledge is power, and understanding what threats exist can help you avoid falling victim to them. Resources like government websites and cybersecurity blogs can provide valuable insights.
Fun Fact: Did you know that approximately 63% of confirmed data breaches are linked to weak, stolen, or compromised passwords? This statistic underscores the importance of creating strong security practices.
7. Use a VPN
When accessing public Wi-Fi, consider using a Virtual Private Network (VPN) to encrypt your online activity. This helps protect sensitive information from potential hackers lurking on unsecured networks.
8. Report Suspicious Activity
If you encounter any suspicious account activity on your social media or financial accounts, report it immediately. Quick reporting can help mitigate further damage and protect others from potential scams.
By adopting these tips and continuing to stay educated about security practices, you can better safeguard your digital life. For more information and tips on cybersecurity, visit FTC Consumer Information.
Staying safe online is an ongoing process. As technology evolves, so do the methods used by malicious individuals. Make security a habit, and you’ll significantly reduce your risk of becoming a target.
The source of the article is from the blog newyorkpostgazette.com