May 3, 2018

Twitter advises users change passwords

Photo: Diptendu Dutta / AFP/ via Getty Images

Twitter advised that all users change their passwords Thursday after the social media site discovered it had stored them in a log in plain text rather than encrypted form.

According to a blog post from the company, there is no evidence that passwords were misused or stolen, and the advisory is out of caution. The announcement, at roughly 4 p.m. Eastern time, came just as the market closed. Twitter stock immediately dropped 2.5% in after hours trading, then recovered most of the loss.

What they're saying: "We are very sorry this happened. We recognize and appreciate the trust you place in us, and are committed to earning that trust every day," wrote Parag Agrawal in the Twitter blog.

Why it matters (to users): The best practice in the industry is to keep all personal information in a format that cannot be read by hackers or employees. That minimizes the impact in the case of an insider breach.

Why it matters (to Twitter): Following the Facebook scandals, trust in social media sites is at a low. Minimizing any potential risk is not just good ethics, it's also good business.

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Stocks fall 4% as sell-off worsens

A trader on the floor of the New York Stock Exchange. Photo: Johannes Eisele/AFP via Getty Images

Stocks fell more than 4% on Thursday, extending the market’s worst week since the financial crisis in 2008 following a spike in coronavirus cases around the world.

The big picture: All three indices are in correction, down over 10% from recent record-highs, amid a global market rout. It's the S&P 500's quickest decline into correction territory in the index's history, per Deutsche Bank.

Coronavirus updates: California monitors 8,400 potential cases

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

33 people in California have tested positive for the coronavirus, and health officials are monitoring 8,400 people who have recently returned from "points of concern," Gov. Gavin Newsom said Thursday.

The big picture: COVID-19 has killed more than 2,800 people and infected over 82,000 others in some 50 countries and territories. The novel coronavirus is now affecting every continent but Antarctica, and the WHO said Wednesday the number of new cases reported outside China has exceeded those inside the country for the first time.

Go deeperArrowUpdated 1 hour ago - Health

Watchdog opens probe into VA secretary over handling of sexual assault claim

VA Secretary Robert Wilkie on Fox Business Network’s "The Evening Edit" on Jan. 7. Photo: Steven Ferdman/Getty Images

The Department of Veterans Affairs Inspector General Michael Missal said Thursday he had opened an investigation into VA Secretary Robert Wilkie after lawmakers demanded an inquiry into his handling of a sexual misconduct report, the Washington Post reports.

Context: Wilkie allegedly "worked to discredit" the credibility of Democratic aide and veteran Andrea Goldstein after she reported last fall "that a man groped and propositioned her in the main lobby of the agency's D.C. Medical Center," a senior VA official told the Post.