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Senators want to know why the SEC’s X account wasn’t secured with MFA
In a new letter to the agency’s Inspector general, Senator Ron Wyden, called for an investigation into “the SEC’s apparent failure to follow cybersecurity best practices.”
The letter, which was first reported by Axios, comes days after the SEC’s official X account was taken over in order to post a tweet claiming that spot bitcoin ETFs had been approved by the regulator. The rogue post temporarily juiced the price of bitcoin and forced SEC chair Gary Gensler to chime in from his X account that the approval had not, in fact, happened. In the letter, Wyden, who chairs the Senate’s finance committee, said it would be "inexcusable" for the agency to not use additional layers of security to lock down its social media accounts.
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