NY watchdog attacks Twitter over ‘jarringly easy’ Bitcoin scam hack

The New York Department of Financial Services (DFS) has called on the government to regulate social media giants in response to July’s dramatic Bitcoin-themed Twitter hack. “Given that Twitter is a publicly traded, $37 billion technology company, it was surprising how easily the [h]ackers were able to penetrate Twitter’s network and gain access to internal tools allowing them to take over any Twitter user’s account,” said the DFS in a report published Wednesday.  The DFS urged policymakers to consider regulating social media giants for their cybersecurity on top of antitrust matters and content moderation processes. This would bring Twitter and Facebook in… This story continues at The Next WebOr just read more coverage about: Bitcoin,Twitter

NY watchdog attacks Twitter over ‘jarringly easy’ Bitcoin scam hack

The New York Department of Financial Services (DFS) has called on the government to regulate social media giants in response to July’s dramatic Bitcoin-themed Twitter hack. “Given that Twitter is a publicly traded, $37 billion technology company, it was surprising how easily the [h]ackers were able to penetrate Twitter’s network and gain access to internal tools allowing them to take over any Twitter user’s account,” said the DFS in a report published Wednesday.  The DFS urged policymakers to consider regulating social media giants for their cybersecurity on top of antitrust matters and content moderation processes. This would bring Twitter and Facebook in…

This story continues at The Next Web

Or just read more coverage about: Bitcoin,Twitter