The Chairman of the U.S. SEC issued a statement on the theft of the SEC's official Twitter account: The impact is still being evaluated and the compa
On January 14th, The Block reported that the US SEC issued a statement regarding the SEC official Twitter account being hacked.
In a statement by SEC Chairman Gary Gensler, the agency claimed that "an unauthorized individual accessed the SEC official Twitter account by gaining control of the phone number associated with the account." This may have been a SIM card swap attack, a common form of Twitter account hijacking that can be avoided through multi-factor authentication.
In the statement, Gary Gensler wrote: "Commission staff are still assessing the impact of this event on the agency, investors, and the markets, including concerns about the security of SEC social media accounts."
Gary Gensler also noted that the agency is working with law enforcement to further investigate the matter.
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