Twitter hack probe leads to call for cybersecurity rules for social media giants

An investigation into this summer’s Twitter hack by the New York State Department of Financial Services (NYSDFS) has ended with a stinging rebuke for how easily Twitter let itself be duped by a “simple” social engineering technique — and with a wider call for key social media platforms to be regulated on security.

In the report, the NYSDFS points, by way of contrasting example, to how quickly regulated cryptocurrency companies acted to prevent the Twitter hackers scamming even more people — arguing this demonstrates that tech innovation and regulation aren’t mutually exclusive.

Its point is that the biggest social media platforms have huge societal power (with all the associated consumer risk) but no regulated responsibilities to protect users.

The report concludes this is a problem U.S. lawmakers need to get on and tackle stat — recommending that an oversight council be established (to “designate systemically important social media companies”) and

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Apple’s iPhone 12 event absent from Chinese social media platforms

  • Apple’s livestream of its iPhone 12 launch event on Tuesday was not available to watch on top Chinese social media platforms.
  • Tencent Video, iQiyi, Bilibili, and Weibo didn’t stream the event.
  • Bloomberg reported that the platforms canceled coverage without explanation.
  • The event garnered massive interest in China, Apple’s second-largest market by revenue, and the iPhone 12 was the top topic on Weibo.
  • Visit Business Insider’s homepage for more stories.

Top Chinese social media platforms reportedly pulled their planned coverage of Apple’s iPhone 12 livestream on Tuesday, despite massive interest in the event.

When Apple revealed the iPhone 12, its first 5G phone, video platforms such as Tencent Video, iQiyi, Bilibili, and Weibo didn’t carry the event, despite originally planning to, Bloomberg reported.

The report said the platforms gave no explanation for not showing the event in China, Apple’s second-largest market by revenue.

The iPhone 12 was later ranked the top

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Technology Standards, ‘Tech Debt’ Among Issues Media Will Face After An Unusual 2020

Technology development has sped up, rather than slowed down, during 2020, as the global coronavirus pandemic has led companies to quickly implement workflows they might have only imagined before having to deploy widespread remote operations.

At the same time, the scramble to move operations off-premises has pushed technologists to focus on next steps, including the need for standards that will apply across media supply chains and to govern media’s use of artificial intelligence among other things.

That, in a nutshell, captures a conversation among four technology leaders and a pair of rising stars that is set to take place Monday, Oct. 19, at 4 p.m. ET.

All six of the technologists participating in the “Predictions for 2021,” will have just received TVNewsCheck’s 2020 Women in Technology Awards in a presentation ceremony webcast live by TVNewsCheck.

Among their predictions:

  • Media companies that have scrambled to implement solutions to support
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What the debate over TikTok means for the future of social media

It has been an eventful few months for TikTok: The social media platform recently won an injunction against a nationwide ban while it negotiates a deal with Oracle and Walmart to satisfy President Trump’s executive orders demanding a sale to a U.S. company. With the November deadline for a deal upcoming, the shifting contours of the transaction and concerns over the app’s security will have important ramifications for future technology policy.

The TikTok app has consistently topped worldwide download charts and recently celebrated the best quarter of downloads in app history. Yet this very popularity fueled concerns about data security and potential foreign espionage from China, where TikTok’s current parent company ByteDance is located. Though some TikTok users have speculated that the executive orders have been in retaliation to the platform’s role in organizing opposition to Trump’s reelection campaign, the app has been under national security review since 2019 due

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Become a one-person social media team with SocialyHub

Social media might have started as a way for people to connect with one another, but it is increasingly a place where people can also connect with the brands they love. Studies have shown that most people prefer for companies to connect with them on social media, and are more likely to engage with and buy from brands that have a robust social media presence.

While big businesses might have entire marketing teams dedicated to selling their product and service on their platform, startups and solopreneurs are all on their own. That is, unless they have SoicalyHub. This powerful social media management platform can turn anyone into a marketing pro on social media. You can get this all-in-one social media management solution on sale for just $79.99!

Using SocialyHub is like cracking open social media and getting a look at the Matrix. This powerful social media management tool offers a

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Priscilla Chan on social media and how husband Mark Zuckerberg handles Facebook criticism

Priscilla Chan believes “a gradual release of responsibility” is an important factor when it comes to parents monitoring their children on social media, which has only heightened during the pandemic.

The philanthropist, doctor and wife of Facebook CEO Mark Zuckerberg spoke with Sheinelle Jones about social media safeguards parents need for their children and what gives her hope during a difficult time in an exclusive interview on the 3rd hour of TODAY Friday, one day ahead of World Mental Health Day.

Watch TODAY All Day! Get the best news, information and inspiration from TODAY, all day long.

With many more kids at home due to remote learning and use of social media apps increasing during the pandemic, health experts are concerned about the adverse affect on the mental health of children.

Inside The South By Southwest (SXSW) Interactive Festival (Callaghan O'Hare / Bloomberg via Getty Images)
Inside The South By Southwest (SXSW) Interactive Festival (Callaghan O’Hare / Bloomberg via Getty Images)

“With everything, where there

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How Gaming Could Become The World’s Biggest Media Platform

Founder and CEO at Admix. Pioneer of “in-play.” Previously ran a hypercasual game studio before they were cool.

It’s a few minutes before midnight on April 23, 2020, a month after the lockdown started in most of Europe. But this doesn’t stop me — I am eagerly waiting in front of the biggest stage I have ever seen for a concert to start.

Suddenly, the stage in front of me lights up; huge holograms appear, and the music starts. Around me, 12 million people also start dancing to the beat. No masks, no social distancing. For a moment, it’s like we are in an alternative reality.

In fact, we are in an alternative reality.

My 12 million digital friends and I were not breaking the lockdown to see Travis Scott performing live — this event happened virtually on Fortnite, the ultra-popular online video game. And this experience

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Turkey Says Facebook Risks Fines If Flouts New Social Media Law

(Bloomberg) — Turkey will penalize Facebook with escalating fines and could make it excrutiatingly slow to use the platform if the company flouts a new social media law that could be used to stifle dissent.



Buildings on the skyline of the European side sit on the horizon, framed beneath a Turkish flag flying from the Asian side, in Istanbul, Turkey, on Monday, April 27, 2020. Coming off a brief recession just over a year ago, the urgency is mounting for Turkey to loosen the screws on the economy as its currency and reserves come under pressure more than a month after it introduced social-distancing measures.


© Bloomberg
Buildings on the skyline of the European side sit on the horizon, framed beneath a Turkish flag flying from the Asian side, in Istanbul, Turkey, on Monday, April 27, 2020. Coming off a brief recession just over a year ago, the urgency is mounting for Turkey to loosen the screws on the economy as its currency and reserves come under pressure more than a month after it introduced social-distancing measures.

A senior Turkish official said The Menlo Park, California-based company had not formally told the government whether or not it would not be appointing a local representative.

But the social media giant will face an initial 10 million lira ($1.3 million) fine on

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Black Public Media Announces Tech Fellowship Recipient

Carla LynDale Bishop has been selected as the inaugural recipient of the MIT & Black Public Media Fellowship.

Black Public Media Announces Tech Fellowship Recipient

Carla LynDale Bishop has been selected as the inaugural recipient of the MIT & Black Public Media Fellowship, hosted by MIT Open Documentary Lab and sponsored by MIT Center for Art, Science & Technology. Part of BPMplus – the Black Public Media (BPM) initiative focused on eliminating barriers for Black makers to help increase their participation in the world of emerging technology – the semester-long fellowship marks the first collaboration between the three partners. BPM is a Harlem-based nonprofit dedicated to creating content about the global, Black experience.

“Fellowships, incubators, residencies, and labs are important on-ramps for creatives to learn about emerging technologies, such as AI and XR, but many great programs have unintended barriers that discourage or prevent Black creatives from participating. Relocating for two weeks to a year is a

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Apple schedules iPhone 12 media event for October 13

Following the September “Time Flies” media event for new Apple Watch and iPad models, Apple today announced an October event called “Hi, Speed” that will focus primarily on new iPhones — the most popular products and biggest revenue generators from the world’s largest tech company. The event will kick off at 10 a.m. Pacific Time on October 13, and once again will use a virtual format with footage streamed from Apple’s headquarters in Cupertino, California to viewers online.

The stakes are atypically high for Apple this year, as the latest iPhones will be Apple’s first to embrace 5G cellular technology, nearly two years after rivals such as Samsung showed and started to release the earliest 5G devices. During that time, 5G networks have successfully launched all across the world, generally with superior performance outside the uneven United States. Some 5G towers are already delivering transformative-class peak download speeds in the

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