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Hacked AP Twitter feed reporting fake White House attack rocks markets
From: InfoSec News <alerts () infosecnews org>
Date: Wed, 24 Apr 2013 03:24:20 -0500 (CDT)

http://arstechnica.com/security/2013/04/hacked-ap-twitter-feed-rocks-market-after-sending-false-news-flash/

By Dan Goodin
Ars Technica
Apr 23 2013

Stock prices plunged and then quickly recovered after a Twitter account belonging to the Associated Press was hacked and used to send a bogus report falsely claiming that the White House had been bombed and President Obama was injured.

"The @AP Twitter account has been suspended after it was hacked," an unaffected Twitter account belonging to the news organization confirmed. "The tweet about an attack on the White House was false."

In a testament to the power that social media has on real-world finances, the Dow Jones Industrial Average fell 150 points, or about 1 percent, immediately following the tweet, with other indexes reacting similarly. The Dow quickly regained the lost ground about seven minutes after the sell-off began, when the AP confirmed that the report was false.

The bogus tweet was sent from one of at least of two compromised Twitter accounts belonging to the Associated Press. Mike Baker, a reporter with the 167-year-old news organization, said the AP's mobile Twitter account was compromised as well. "The @AP hack came less than an hour after some of us received an impressively disguised phishing email," he wrote in a separate Twitter dispatch. In recent days security personnel with the news cooperative discovered malware had infected some of its computers, officials told the New York Times.

[...]


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