“This could have had a massive, massive amount of money stolen from people, it could have destabilized financial markets within America and across the globe; because he had access to powerful politicians’ Twitter accounts, he could have undermined politics as well as international diplomacy,” said Andrew Warren, Hillsborough State Attorney.
Earlier today, police arrested the gang responsible for the Twitter hacks earlier this month. It's great news and good detective work that they were able to take the perpetrators in so quickly. From the initial reports, there were at least 3 individuals involved in the exploit, including one 17-year old who was described as "not an ordinary 17 year old" by the state attorney.
Twitter filled in/confirmed a few details about the attack, characterizing it as a "phone spear phishing attach" that resulted in the breach of account access as well as loss of direct messages for 36 (presumably high profile) Twitter users. I discussed this with Byron Acohido (and others) in The Last Watchdog and the general consensus was that it could have been much worse. If Florida law enforcement has their way, it's about to get much worse for the fraudsters. They seem motivated to use this case to set an example, with possible 10 year/$250,000 sentences.
Throw the book at 'em.