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Similar to many other Twitter and Facebook scams we've seen, this latest one shows how important it is to make sure you can trust an application before you give it access to your Twitter or Facebook account.
If you've fallen victim to this or similar scams, you should immediately revoke Twitter access to all suspicious applications. To do that, log into Twitter, click on "Settings" in the upper-right drop-down menu, choose "Connections" and click "Revoke Access" on suspicious apps -- which, in this case, is the app named "Time on Tweeter."