Associated Press Falls Victim to Hacking in Market-Moving Error
By Edmund Lee - Apr 23, 2013 2:06 PM ET
The Associated Press, one of the world’s largest news agencies, said a hacking attack caused it to send out an erroneous Twitter post that sent markets down 1 percent in a matter of seconds.
The false information about explosions at the White House came after repeated attempts by hackers to gain access to AP reporters’ passwords, the news agency said in a report. It said it had suspended its account and would work to fix the vulnerability.
The Dow Jones Industrial Average and the Standard & Poor’s 500 Index each fell about 1 percent before rebounding. A separate Twitter account operated by the AP’s corporate communications team followed up minutes later with its own message: “That is a bogus @AP tweet.”
more:
http://www.bloomberg.com/news/2013-04-23/dow-jones-drops-recovers-after-false-report-on-ap-twitter-page.html
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