The Securities and Exchange Commission (SEC) recently released a statement regarding the
In a statement from SEC Chairman Gary Gensler, the agency alleges that “an unauthorized party gained access to the @SECGov X.com account by gaining control of the phone numbers associated with the account.” The language is reminiscent of SIM swapping attacks, a common form of X account hijacking that can be mitigated through multi-factor authentication. This is what Gensler once advised in his X post.
In a statement, Gensler wrote, “Committee staff is still assessing the impact of this incident on institutions, investors, and markets, but recognizes that these impacts include concerns about the security of SEC social media accounts.” .
Gensler also noted that the agency is working with law enforcement to further investigate the incident.
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