New York’s top financial watchdog said a dedicated regulator should oversee large social-media platforms, which should also be designated as systemically important, following a successful cyberattack on Twitter Inc. during the summer. The New York State Department of Financial Services made the recommendations as part of a 37-page report about the July 15 attack in which a number of prominent accounts, including those of former Vice President and Democratic Party presidential candidate Joe Biden and Tesla Inc. Chief Executive Elon Musk, were used to promote a cryptocurrency scam.
Read the article: The Wall Street Journal
