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The SEC says its X account was taken over with a SIM swap attack

The Securities and Exchange Commission has provided more details about how its official X account was compromised earlier this month.

In a statement, the regulator confirmed that it had been the victim of a SIM swapping attack and that its X account was not secured with multi-factor authentication (MFA) at the time it was accessed. The hack of its X account, which was taken over in order to falsely claim that bitcoin ETFs had been approved, has raised questions about SEC’s security practices. The fact that one as high-profile and with potentially market-moving abilities like @SECGiv would not be using the extra layer of security has already prompted questions from Congress.

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