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US regulator admits cyber-security lapse before rogue Bitcoin post

Regulator admits key security procedure on X account was suspended six months before it was hacked.

The US financial regulator has confirmed a key security procedure on its X account had been suspended for six months when hackers made a fake post about Bitcoin in January. The Securities and Exchange Commission (SEC) did not have multi-factor authentication (MFA) in place when hackers gained access to the account. It takes many forms, including having a dedicated app that gives you a pin code for a website, as well as sending a text message, though this is considered less secure.

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