X says attackers are targeting user accounts after the launch of X Money
X is investigating a surge in unsolicited password reset emails following the launch of its new payment service, X Money. While the company claims there is no evidence of successful breaches, it has warned that attackers are targeting users due to the platform's new financial capabilities.
Why it matters
The introduction of financial services on social platforms creates new security risks and increases the incentive for malicious actors to compromise user accounts.
Attackers are attempting to target X users following the launch of X Money. After numerous X users reported receiving unsolicited password reset emails, a representative said the social media company was actively investigating the issue but had not yet found evidence that the hacks were successful.
On Tuesday, X product engineer Mridul Singhai posted to the social network that the company was looking into users’ complaints about the mass password reset attempts.
“Attackers appear to believe that, now that @XMoney is widely available, they can gain unauthorized access to accounts,” he wrote. “We are actively investigating the issue and, so far, have found no evidence of any breaches. We apologize for the multiple emails and appreciate your patience as we work to resolve this.”
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