For what much have seemed like forever on Wednesday 15 July neither Twitter nor 130 verified accounts were being controlled by their owners.

The accounts had been taken over by hackers that posted a slightly tweaked crypto scam and after about four hours once the accounts had been secured, millions had seen the hacked tweets, with hundreds having sent bitcoin resulting in over R1,5 million paid to the scammers. 

Worse than the loss of money was the loss of control but rather than it being a failure of technology it was a failure of understanding how we work.

Guest: Colin Cullis/ Business Unusual correspondent on The Money Show 

Image credit: Twitter