Tuesday, April 23, 2013

AP Twitter Account Hack Causes Dow Jones to Plunge

As social media becomes a bigger part of our everyday lives, the legal issues surrounding social media increase greatly.  One of the verified Associated Press Twitter accounts was hacked earlier today and the hacker tweeted, "Breaking: Two Explosions in the White House and Barack Obama is injured".   Within minutes the Dow Jones Industrial Average plunged 140 points.

Hacking into the AP's Twitter account may violate multiple federal and state laws.  Was this hack done to intentionally create chaos and/or harm our financial makets?  Was the hacker testing how the U.S. financial markets, and/or the media, and/or the government would react to the hack? What was the motive behind the hack?  Was this just a big joke done for personal pleasure?  Do those who lost money in the stock market because of the hack have a cause of action against the hacker?

These are some of the many questions that may be answered in the near future.
   
To learn more about these issues you may contact me at www.shearlaw.com.

Copyright 2013 by the Law Office of Bradley S. Shear, LLC All rights reserved. 

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