Twitter hack shows need for cybersecurity regulations, govt. report says

In the eyes of government regulators, critical services and lax cybersecurity don't mix — especially when those services support the online accounts of former president Barack Obama, former vice president Joe Biden, and current president Donald Trump.

The embarrassing and costly Twitter hack this past July served as more than just a wake-up call for the scores of public figures who trusted the social media giant to keep their accounts safe. In a comprehensive report released Tuesday, New York State's Department of Financial Services argues that the hack proved that, left unregulated, "systemically important institutions" such as Twitter pose a "risk to society." Read more...