“Tough day for us at Twitter,” company chief executive Jack Dorsey tweeted last Wednesday, after several high-profile accounts on his site were hacked. This was an understatement.

The security breach the social media network experienced last week was alarming not only for what happened but also for what could have happened. Accounts from Warren Buffett to Kanye West to Joe Biden promised to double money sent to a Bitcoin address. “I am giving back to my community due to covid-19!” former president Barack Obama, another victim, appeared to declare.

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