New York Regulator Urges Oversight for Social-Media Giantsadmin2019
[ Source: WSJ] New York’s top financial watchdog said a dedicated regulator should oversee large social-media platforms, which should also be designated as systemically important, following a successful cyberattack on Twitter Inc. during the summer.
High-profile Twitter accounts, including those of Barack Obama and Elon Musk, were the target of a widespread attack that security experts are calling the worst hacking incident in the company’s recent history.
The New York State Department of Financial Services made the recommendation.
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