Posts tagged New York State Department of Financial Services.
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Cybersecurity Lessons from the Twitter Hack as New York’s Chief Financial Services Regulator Calls for a Dedicated Cybersecurity Regulator of Large Social Media Companies
Categories: Cybersecurity
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There are cybersecurity lessons to be learned from high profile data breaches and the ensuing regulatory responses. The recent well-publicized Twitter hack is no different. According to the New York State Department of Financial Services (“NYSDFS”) investigation and report, on July 15, 2020, a 17-year old hacker and his accomplices easily misled Twitter’s employees into disclosing their credentials resulting in a breach of Twitter’s network and the hackers’ takeover of accounts assigned to high-profile users in just a 24-hour period. The NYSDFS concluded that ...

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