Twitter Inc. plans to bolster security on its site after the
account of the Associated Press news service was hacked and an erroneous post
triggered a stock- market decline, a person familiar with the matter told
Bloomberg.
Two-step authentication will be introduced to make it harder
for outsiders to gain access to an account, said the person, who declined to be
identified because the information isn’t public. In addition to a password, the
security measure usually requires a code sent as a text message to a user’s
mobile phone, or generated on a device or software. Twitter’s defense against
hacks involving the theft of passwords came under scrutiny this week after a
hacker sent a false post about explosions at the White House, triggering a drop
in the Standard & Poor’s 500 Index that wiped out $136 billion in market
value….
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