As Finbold.com reported yesterday, Barack Obama, Jeff Bezos, Elon Musk, and Joe Biden, are among 130 accounts that have lost their control on Wednesday afternoon. The company has disabled downloading individuals’ Twitter data as investigations are still going on. The social media platform is assessing security measures for long-term protection.
Twitter stock steady
Meanwhile, lawmakers and the FBI launched an investigation after hackers successfully gained control of high profile accounts. Twitter stock could feel the pain in the short-term due to investigations and lawmaker’s concerns. Senate Commerce Committee Chairman Roger Wicker asked chief executive officer Jack Dorsey to give an explanation to committee staff on the breach. Jack Dorsey, on the other hand, apologized publicly. He said, “We all feel terrible this happened.” “We detected what we believe to be a coordinated social engineering attack by people who successfully targeted some of our employees with access to internal systems and tools,” he added. The attack has raised several questions and concerns over the social media platform’s ability to tackle cyber-attacks and the spread of disinformation through its platform. Concerns are high as several people including Donald Trump raised concerns over the interference of social media platforms in elections. Previously, Donald Trump has accused Twitter of targeting Republicans and supporting the Radical Left Democrat Party. He had already asked Congress to review section 230, a law that gives legal protection to social media platforms for content posted by third parties.
