EDIT:
I just realized that it would be possible to test the idea above by downloading the individual filter images from the HST data and looking at them directly. Fortunately, the Hubble Legacy Archive makes this pretty easy to do, and even provides pre-combined color images for datasets where multiple filters were taken. So we can directly download images made from data only before and only after the outburst of that object and see what they look like.
This search gives all WFPC/2 images of NGC 3314, and we can see that there are some from 1999 and some from 2000. Those are the pre- and post-outburst data, respectively, that were combined in the original press release images shown above. If you look in the column that says "Level", the Level 4 data products are color composite images. The two options there are composites of the 1999 data and of the 2000 data. Let's look.
Here are the 1999 (pre-outburst) images, which are only in red and blue filters. Presumably the color composite fills the green channel with some combination of the red and blue:
And here are the 2000 (post-outburst) data, combining images in red, green, and blue filters:
Below I've zoomed in and taken a screenshot, trying to get the images centered as close to the same as possible. I've positioned them so the object in question is just to the left of the red crosshairs. Top is 1999, bottom is 2000.
You can see that the newly-brightened object is basically white, not green. The individual, isolated red, green, or blue pixels are noise. In any image, you will have some pixels that are extra-bright, either from noise in the detector, or from a cosmic ray hit that was not removed entirely. Since they are random noise, they aren't in the same place in every image. So if you make a color composite image, then those randomly-bright pixels will show up as the color of whatever filter they appeared in, since they are bright only in that image and dark in the images taken in the other filters.