Jack Dorsey's Twitter gets hacked, highlights importance of 2FA for Bitcoin holders

If the CEO of two multi-billion-dollar companies can get hacked, you can too.

Jack Dorsey, CEO of Twitter and Square, had his account "Compromised," acting as a reminder to people at high risk of hacking, such as Bitcoin holders, should be especially security conscious.

Twitter Comms, an official communication channel for the social media platform, acknowledged the hack.

Tom Gara August 30, 2019.If the Twitter CEO's account can be hacked, then none of us is safe.

Dorsey's incident highlights the need for proper security precautions, especially for people who are at high risk of hacking.

Politicians, social media executives, and cryptocurrency holders are all people who need to pay special attention to their security.

The ease of liquidating and transferring cryptocurrency has brought about a renaissance for hackers.

For Bitcoin holders who use crypto exchanges, such as Coinbase or Binance, using two-factor authentication is critical.

A wave of "SIM swapping," where a hacker impersonates someone to gain access to their phone number to breach online accounts, has stung several high-profile crypto users.

Use of an authentication app such as Google Authenticator or Authy substantially increases the security of an online account.