SEC did not have 2FA enabled on its official account: X Safety investigation
The X Safety team has revealed that the United States Securities and Exchange Commission did not have two-factor authentication (2FA) enabled on its main X account, allowing a hacker to gain access to its account.
The embarassing revelation for the SEC comes immediately following a security breach that rocked crypto markets with a false confirmation of a spot Bitcoin ETF from the SEC’s official account on the social media platform.
In a Jan. 10 post, X’s Safety page wrote that the SEC hack occurred as a result of an unidentified actor gaining control of the phone number associated with the account, and using that to gain access to SEC’s official X page. This is more commonly known as a SIM swap hack .
We can confirm that the account @SECGov was compromised and we have completed a preliminary investigation. Based on our investigation, the compromise was not due to any breach of X’s systems, but rather due to an unidentified individual obtaining control over a phone number…
— Safety (@Safety) January 10, 2024
“Based on our investigation, the compromise was not due to any breach of X’s systems, but rather due to an unidentified individual obtaining control over a phone number associated with the @SECGov account through a third party,” wrote X Safety.
“We can also confirm that the account did not have two-factor authentication enabled at the time the account was compromised.”
This is a developing story, and further information will be added as it becomes available.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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