glitch effect soma

[Romulator]

While I don't know exactly how it is done, the red and cyan effect is called Chromatic Aberration. I think when I did it a long time ago for a still image in Photoshop, I used the Marquee Tool or just split the image every once in a while to the left and right sides. 

Spoiler below!

Here is a video which can give you some stock displacement maps to use with some chromatic abberation pre-applied, though I believe you can make your own with some tweaking. Forwarning, said video contains flashing images, so be careful of seizures.

https://www.youtube.com/watch?v=FEFcfZvz8yY