False Report of White House Blast Shakes Up Stock Markets — Christina Pascucci Reports

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It was instant mayhem over news, that wasn’t even true.

The AP tweet posted at 10:07 pacific time.

12 words: Breaking: Two explosions in the White House and Barack Obama is injured.

Traders reacted within seconds, possibly because of computers that monitor social media.

“The market is shooting first, ask questions later,” says David Lazarus, LA Times.

White House spokesman Jay Carney had to immediately clear up the bad information.

Minutes later the AP had to clarify what had happened, confirming the news agency had in fact been hacked, possibly by a quote “impressively disguised phishing email.”

The AP suspended its twitter account and also wrote in the meantime, not to read any tweets.

The security breach prompted headlines across the web like this one from CNN Money: “AP hack proves twitter has a serious cyber security problem.

How do you know?  Especially when this isn’t the first time it’s happened.

Over the weekend the 60 minutes account was hacked and posted anti-Obama messages.

The Syrian Electronic Army took credit for the latest bogus tweets…the FBI is now investigating.

And we have learned in addition to the FBI investigating this, the U.S. Securities and Exchange Commission is also looking into the matter.

— Christina Pascucci, KTLA News

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