DFS Calls for Regulation of Social Media Giants

DFS Calls for Regulation of Social Media GiantsThe New York State Department of Financial Services (DFS) has called for the regulation of social media giants after finding the cybersecurity protections at Twitter woefully inadequate.Governor of New York, Andrew Cuomo, asked the DFS to investigate Twitter following the July 15, 2020, hack into the Twitter accounts of several cryptocurrency firms and well-known public figures.A report on that investigation, released today, found that the