Twitter Hack May Bring Fine for Possible FTC Accord Violation
- Agency to review potential violations of 2010 settlement
- Facebook last year paid $5 billion for breaking privacy pact
Photographer: Michael Nagle/Bloomberg
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Twitter Inc. may face a large fine from U.S. regulators after a hack of several high-profile accounts including former President Barack Obama and Amazon.com Inc. Chief Executive Officer Jeff Bezos.
The Federal Trade Commission will review whether Twitter violated a 2010 settlement that resolved allegations that the company failed to safeguard consumer information in a 2009 hack, according to a person familiar with the matter. The 2009 incident, like the recent one, involved phony tweets from some accounts, including then President-elect Obama’s.