A phishing attack is a type of cyberattack in which hackers try to trick victims into opening malicious emails or links disguised as legitimate web content.
The security incident on July 15 led to the seizure of accounts belonging to Barack Obama, Joe Biden, Jeff Bezos and many others. The compromised accounts were then used to promote bitcoin fraud.
Although the scope of the incident itself was large-scale, it could simply be the tip of a very large iceberg with huge security implications. Cybersecurity experts and politicians are now worried that bitcoin fraud could mask a much more alarming data breach, involving the personal communications of the world’s most powerful people.