Twitter’s mushrooming data breach crisis could prove costly

Since Elon Musk purchased Twitter in late October, non-stop turmoil and controversy have dogged the company, from massive staff firings and resignations to reputational damage from Musk’s careless and often bizarre tweets. Now, mushrooming concern around a possible data breach stemming from a now-fixed Twitter flaw is poised to drive the company further down unless Twitter takes quick action.

Even as regulators in Europe begin to probe what appears to be a massive Twitter data breach, Twitter and Elon Musk have failed to comment publicly on the true extent of the breach. Experts say that unless Twitter gets ahead of the curve, informs regulators of the facts, and notifies users of how much of their public and private information has been exposed, the company could suffer serious financial and operating consequences.

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