Wednesday, April 24, 2013

Hack Job

Via C&L: A group calling themselves the Syrian Electronic Army (I know; it sounds like a band from the ’60’s) hacked into the Associated Press Twitter account yesterday and scared the crap out of the stock market for about ten minutes.

The AP says they were being hit by numerous phishing expeditions.

The false tweet said there had been two explosions at the White House and that President Barack Obama was injured. The attack on AP’s Twitter account and the AP Mobile Twitter account was preceded by phishing attempts on AP’s corporate network.

The AP confirmed that its Twitter account had been suspended following a hack and said it was working to correct the issue.

The false tweet went out shortly after 1 p.m. and briefly sent the Dow Jones industrial average sharply lower. The Dow fell 143 points, from 14,697 to 14,554, after the fake Twitter posting, and then quickly recovered.

It’s all fun and games until someone loses $100 billion in the stock market.