New York polls crypto firms on security measures after Twitter hack
Cointelegraph
Published Oct 16, 2020 08:45AM ET
Updated Oct 16, 2020 10:20AM ET
The New York Department of Financial Services, or NYDFS, has released a lengthy report analyzing the impact of July’s high-profile Twitter hack, which resulted in the theft of over $118,000 worth of Bitcoin (BTC).
Far beyond the immediate material impact, the NYDFS states that the incident exposed deep cybersecurity weaknesses of a publicly-traded social media company valued at $37 billion and counting over 330 million active monthly users. The discovery has serious consequences in light of the platform’s ever-expanding influence on both financial markets and the political sphere.
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Written By: Cointelegraph
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