Fraudulent Bots on Social Media: Elon Musk Proposes a Paid Subscription as a Solution
Date: 2023-09-19 Author: Dima Zakharov Categories: IN WORLD
Elon Musk Proposes a Solution to the Issue of Fraudulent Bots on Social Media Through a Paid Subscription
Elon Musk, billionaire and owner of the social network X (formerly known as Twitter), has brought up the pressing issue of fraudulent bots on social media. During a meeting with Israeli Prime Minister Benjamin Netanyahu, Musk acknowledged that many users of the X platform are facing massive armies of bots that contribute to the spread of spam, fake news, and scams, including cryptocurrency theft.
Musk's idea involves introducing a small monthly paid subscription for all users of the X social network. This proposal aims to make life more difficult for bot administrators and hinder their activities. He claims that creating and maintaining bot networks is inexpensive, and bots can effectively bypass captchas using artificial intelligence. In his opinion, even introducing a fee of just a few dollars per month will help reduce the scale of this problem.
The primary issue with fraudulent bots on social media, including X, is their ability to spread fraudulent schemes and conduct thefts from users, including cryptocurrency. They actively seek potential victims by using automated mechanisms to track keywords and phrases related to cryptocurrency and finance.
Threats and fraud schemes associated with bots on social media include cryptocurrency theft and phishing
One particularly dangerous scheme is phishing, in which bots create fake accounts, impersonate official cryptocurrency exchange pages, and ask users to enter their credentials. This can lead to the theft of users' cryptocurrency assets and significant financial losses.
Bots are also frequently used to conduct fake "airdrops" or cryptocurrency giveaways, where victims are asked to follow a link and provide their information via cryptocurrency wallets. Malicious actors use such scenarios to gain access to users' wallets and steal their cryptocurrency.
Musk's idea of a paid subscription has elicited various opinions among experts. Some believe it could make life more challenging for scammers but may not entirely eliminate their presence. Others propose alternative security measures, such as mandatory two-factor authentication, the use of captchas when sending messages, and limiting the number of tweets for unverified accounts.
The issue of combating fraudulent bots and ensuring the security of social media users remains relevant. This problem requires a comprehensive approach and the development of effective measures to protect users from potential threats and the theft of their cryptocurrency assets.
