New York Regulator Calls for More Social Media Oversight After Twitter Hack

New York Regulator Calls for More Social Media Oversight After Twitter Hack
(Tanmoythebong/Shutterstock. Modified by CoinDesk)

July’s Twitter hack and ensuing bitcoin scam should impel corporates and even governments into more forcefully counteracting the “weaponization” of social media giants, New York State Department of Financial Services said Wednesday.

“ demonstrates, more than anything, the risk to society when systemically important institutions are left to regulate themselves,” NYDFS said in its.

This is a developing story.

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