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Technology / Cybersecurity

US to investigate hacking of Associated Press Twitter account

Two US federal agencies, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC),are investigating the recent hacking of the Associated Press (AP) Twitter account.

Several reports suggested that after taking control of the AP’s Twitter account, hackers sent fake tweets that there were explosions in the White House and president Barack Obama was injured.

The message is said to have wiped out $136.5bn from the New York Stock Exchange before it was recovered.

CFTC chairman Gary Gensler was quoted by Bloomberg as saying that the CFTC’s so-called concept release would seek comment on new testing, supervision and risk controls for automated trading.

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"I think we will do that in the next month to two months," Gensler said.

Recently, many users, companies and several news agencies have reported that their Twitter accounts have been hacked.

Associated Press has reported that its Twitter account had been hacked by a group called the Syrian Electronic Army.

CBS News suspended two of its twitter accounts after they were hacked while a number of BBC Twitter accounts were also hacked in past months.

Earlier this month, Twitter revealed plans to introduce two-step authentication process following a series of hacking incidents.
This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

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