Monday, April 29, 2013

AP Hacking: Feds Looking To See Who Got Rich

It took only about five minutes for the market to tank and rebound after a group hacked the Associated Press’ Twitter feed to put out bogus information — and now the feds are taking a longer look to find out who got rich during the chaos.

According to the NYPost, The Securities and Exchange Commission and the Commodity Futures Trading Commission have each opened investigations into the hack that falsely reported “explosions in the White House and Barack Obama is injured” and briefly wiped away $136 billion in market value.

Sources in and out of government say investigators will sort through the big financial winners and not just conduct a standard review of a market swing.

In addition to the SEC and the CFTC, the FBI is investigating the attack. Security and financial experts predicted the National Security Agency and the State Department, along with the Department of Homeland Security, would open their own inquiries.

A group called the Syrian Electronic Army immediately took credit for the attack last week, although terror experts note the Syrians don’t have the most sophisticated cyber-warriors.

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