NEW YORK, Oct. 14 (Xinhua) -- Twitter was recommended on Wednesday to establish a new cybersecurity regulatory framework, after an official investigation has found that the global social media platform lacked adequate cybersecurity protections and did not have a chief information security officer when its accounts of cryptocurrency firms and well-known public figures were hacked on July 15 this year.
"Social media platforms have quickly become the leading source of news and information, yet no regulator has adequate oversight of their cybersecurity. The fact that Twitter was vulnerable to an unsophisticated attack shows that self-regulation is not the answer," Superintendent of Financial Services Linda A. Lacewell was quoted as saying in an investigation report issued by The New York State Department of Financial Services (DFS).
