Monday, December 13, 2021

g-f(2)728 THE BIG PICTURE OF THE DIGITAL AGE (12/13/2021), WSJ, India Investigates Hacking of Prime Minister Narendra Modi’s Twitter Account


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ULTRA-condensed knowledge


"g-f" fishing of golden knowledge (GK) of the fabulous treasure of the digital age, Digital Transformation, Social Media (12/13/2021) 


ALERT, WSJ

A fake tweet that said India was adopting bitcoin came as the government is considering ways to prohibit cryptocurrencies


  • Indian officials are investigating how Prime Minister Narendra Modi’s Twitter account was hacked, with a tweet to his more than 73 million followers falsely saying India was adopting bitcoin as legal tender and distributing it to people in the country. 
  • Twitter said its systems weren’t breached in the hack. 
  • Twitter recommends that to protect their accounts people take steps such as activating two-factor authentication, requiring not just a password but also a second form of identification to log in, such as a code sent via an app. A spokeswoman declined to provide specifics on the degree to which Mr. Modi’s account was protected.
  • The hack came after the Indian government last month said it would consider a bill to prohibit private cryptocurrencies in India, with some exceptions, and create an official digital currency to be issued by the Reserve Bank of India, according to a parliamentary bulletin.


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    References


    India Investigates Hacking of Prime Minister Narendra Modi’s Twitter Account, Newley Purnell and Rajesh Roy, December 13, 2021, The Wall Street Journal, WSJ.



    Extra-condensed knowledge


    Lessons learned, WSJ


    • In a speech last month, Mr. Modi said that democratic countries should work together to ensure bitcoin doesn’t end up in the wrong hands, without elaborating.
    • The proposed legislation, which is still evolving, will likely ban the use of cryptocurrencies as legal tender in India, according to government officials. But New Delhi is considering how they might be regulated as an asset class for investment. Officials are monitoring the way other governments are treating cryptocurrencies and the open-access ledger that underpins them, known as the blockchain.


    Condensed knowledge



    Lessons learned, WSJ 


    • Mr. Modi has one of the world’s most-followed Twitter accounts, with more followers than U.S. President Joe Biden, Tesla Inc. Chief Executive Elon Musk, and fashion mogul Kim Kardashian West.
    • Digital payments have become more common in the country of more than 1.3 billion in recent years, with popular services from the likes of One97 Communications Ltd. ’s Paytm, Alphabet Inc.’s Google, and WhatsApp, the messaging service from Meta Platforms. But while cryptocurrency-related startups in India have attracted hundreds of millions of dollars of funding in recent years, it is unclear how widespread their services may become in the South Asian nation.
    • India’s government has in recent years been setting out new rules to govern U.S. tech giants and promote homegrown champions. 


    Some relevant characteristics of this "genioux fact"

    • Category 2: The Big Picture of the Digital Age
    • [genioux fact deduced or extracted from WSJ]
    • This is a “genioux fact fast solution.”
    • Tag Opportunities those travelling at high speed on GKPath
    • Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).
    • Type of validity of the "genioux fact". 

      • Inherited from sources + Supported by the knowledge of one or more experts.


    References


    “genioux facts”: The online programme on MASTERING “THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)728, Fernando Machuca, December 13, 2021, blog.geniouxfacts.com, geniouxfacts.com, Genioux.com Corporation.


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