AP Press site hacked..

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The bigger story was the impact this hacked tweet had on the markets after hearing the reports of explosions at the white hose the market dropped 140 points
 
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May 3, 2007
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Twitter has a rather spotty record regarding security. There are serious discussions in the trade press suggesting that if Twitter does not act soon to address both the substance and the perception regarding Twitter security, the marketplace may punish them. I agree.
 
Joined
Oct 16, 2007
Messages
6,184
Location
Glens Falls, NY
The bigger story was the impact this hacked tweet had on the markets after hearing the reports of explosions at the white hose the market dropped 140 points
Apparently from automated trading systems that immediately react to headlines monitored by software. It's being reported that the SEC (and perhaps the FBI?) is looking into who profited during the 3-5 minute period that the market plummeted then rebounded.

These automated trading systems do more harm than good, IMO.
 

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