The Twitter/Bloomberg hoax is actually quite similar to a 1999 market manipulation impersonation hoax concerning a stock called PairGain and conducted with an eerily similar modus operandi. The PairGain hoax was followed by a string of other comparable online market manipulation schemes similarly using bogus websites and message board postings, all of which I chronicle in an article CybersecurityDocket.com just published today, entitled, “Back to the Future: The Bloomberg/Twitter Impersonation Hoax.”
The article includes virtual snapshots of the actual phony websites and message board postings used in all of the schemes, which illustrate first-hand the efficacy and evolution of these scams (which may indeed be experiencing a serious resurgence.)
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