According to The Washington Post, Twitter has reached a settlement with the Federal Trade Commission over charges that it "deceived consumers" by letting hackers obtain administrative control over Twitter because of loose security.
The settlement requires Twitter to set up a new security program to be assessed by a third party. In addition, it will be prohibited from what the agency described as
misleading consumers about the extent to which it maintains and protects the security, privacy, and confidentiality of nonpublic consumer information, including the measures it takes to prevent authorized access to information and honor the privacy choices made by consumers.
For its part, Twitter says that the number of customers affected was small.