Twitter hack is a nightmare not just for Twitter – ZAWYA

Twitter hack is a nightmare not just for Twitter – ZAWYA

twitter hack is a nightmare not just for twitter posts on the social network have the potential to move markets, or worse    people holding mobile phones are silhouetted against a backdrop projected with the twitter logo in this illustration picture taken in warsaw, poland, september 27, 2013. (the author is a reuters breakingviews columnist. the opinions expressed are her own.)san francisco (reuters breakingviews) - a hack of prominent twitter accounts is a nightmare for more than just the social network itself. fake tweets soliciting digital currency on wednesday from figures like tesla chief executive elon musk and u.s. presidential candidate joe biden mean twitter's cybersecurity costs will rise. but if that's all that happens, founder jack dorsey can count himself lucky. posts on the social network have the potential to move markets, or worse.the intrusion was severe enough that twitter locked down so-called verified accounts - its label for those owned by high-profile people. microsoft co-founder bill gates, former president barack obama and amazon's jeff bezos were among those that had appeared to solicit bitcoins from other users - saying that whatever was given would be doubled by them and returned. it sent twitter's stock down by almost 4%