Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MICROSOFT CORPORATION

(MSFT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Twitter's security fell short before hack targeting celebrities, regulator says

10/14/2020 | 09:30am EDT

NEW YORK, Oct 14 (Reuters) - Twitter Inc suffered from cybersecurity shortfalls that enabled a "simple" hack attributed to a Florida teenager to take over the accounts of several of the world's most famous people in July, according to a report released on Wednesday.

The report by New York's Department of Financial Services also recommended that the largest social media companies be deemed systemically important, like some banks following the 2008 financial crisis, with a dedicated regulator monitoring their ability to combat cyberattacks and election interference.

"That Twitter was vulnerable to an unsophisticated attack shows that self-regulation is not the answer," said Linda Lacewell, the financial services superintendent.

Twitter has acknowledged that some employees were duped into sharing account credentials prior to the hack.

New York Governor Andrew Cuomo ordered a probe following the July 15 hack of celebrity Twitter accounts, in an alleged scam that stole more than $118,000 in Bitcoin.

Those whose accounts were hacked included U.S. presidential candidate Joe Biden; former President Barack Obama; billionaires Jeff Bezos, Bill Gates and Elon Musk; singer Kanye West, and his wife Kim Kardashian, the reality TV star.

Lacewell said hackers obtained log-in credentials after calling several employees, pretending to work in Twitter's information technology department, and claiming to be responding to problems with the company's Virtual Private Network, which had become common because employees were working from home.

"The extraordinary access the hackers obtained with this simple technique underscores Twitter's cybersecurity vulnerability and the potential for devastating consequences," the report said.

Twitter's lack at the time of a chief information security officer also made the San Francisco-based company more vulnerable, the report said.

Florida prosecutors said Graham Ivan Clark was the mastermind behind the hack, and charged the 17-year-old Tampa resident as an adult with 30 felonies.

Clark has pleaded not guilty. Federal prosecutors charged two others with aiding the hack. (Reporting by Jonathan Stempel in New York; Editing by Andrea Ricci)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -0.84% 3599.92 Delayed Quote.10.53%
BITCOIN - EURO -0.27% 33510.01 Real-time Quote.43.10%
BITCOIN - UNITED STATES DOLLAR -0.30% 39827.22 Real-time Quote.38.54%
MICROSOFT CORPORATION 0.10% 286.5 Delayed Quote.28.81%
TESLA, INC. 4.69% 677.35 Delayed Quote.-4.01%
All news about MICROSOFT CORPORATION
01:02aEQS-NEWS : Swiss Re posts strong profit of USD 1.0 -2-
DJ
07/29Microsoft looks to tap into India's Oyo before its potential IPO- source
RE
07/29MICROSOFT : venture fund M12 participates in PsiQuantum Series D Funding Round
PU
07/29MICROSOFT : form 10-K)
AQ
07/29MICROSOFT : For leading manufacturers, a more resilient and sustainable future s..
PU
07/29LinkedIn allows employees to work fully remote, removes in-office expectation
RE
07/29MICROSOFT : UBS Adjusts Microsoft's Price Target to $325 From $300; Buy Rating K..
MT
07/29Today on Wall Street: GDP growth misses estimates
07/29MICROSOFT : Bernstein Adjusts Microsoft's Price Target to $333 from $298, Keeps ..
MT
07/29MICROSOFT : BMO Capital Adjusts Microsoft's Price Target to $325 from $290, Keep..
MT
More news
Financials (USD)
Sales 2021 166 B - -
Net income 2021 59 435 M - -
Net cash 2021 66 621 M - -
P/E ratio 2021 36,7x
Yield 2021 0,78%
Capitalization 2 154 B 2 154 B -
EV / Sales 2021 12,6x
EV / Sales 2022 10,8x
Nbr of Employees 163 000
Free-Float 99,0%
Chart MICROSOFT CORPORATION
Duration : Period :
Microsoft Corporation Technical Analysis Chart | MSFT | US5949181045 | MarketScreener
Technical analysis trends MICROSOFT CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 40
Last Close Price 286,50 $
Average target price 324,98 $
Spread / Average Target 13,4%
EPS Revisions
Managers and Directors
Satya Nadella Chairman & Chief Executive Officer
Bradford L. Smith President & Chief Legal Officer
Amy E. Hood Chief Financial Officer & Executive Vice President
James Kevin Scott Chief Technology Officer & Executive VP
Gina L. Loften Chief Technology Officer
Sector and Competitors
1st jan.Capi. (M$)
MICROSOFT CORPORATION28.81%2 154 194
SEA LIMITED43.19%144 502
ZOOM VIDEO COMMUNICATIONS, INC.14.44%109 724
DASSAULT SYSTÈMES SE38.32%71 806
ATLASSIAN CORPORATION PLC14.08%67 588
ROBLOX CORPORATION0.00%45 091