#CryptoHackers

SEC Says SIM Swap to Blame for Breached X Account

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January 23, 2024 at 02:59PM The SEC’s X account was compromised in a SIM-swapping attack, leading to a Bitcoin ETF message and federal inquiries. The SEC admitted disabling multi-factor authentication in July 2023. SIM swapping is difficult to defend against, involving social engineering and exploiting vulnerabilities in telecom APIs. Investigations into the incident are ongoing … Read more

SEC X Account Hack Draws Senate Outrage

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January 12, 2024 at 05:43PM Senators Wyden and Lummis have criticized the SEC for its failure to implement basic multifactor authentication (MFA) protections following the compromise of the X Twitter account. They have urged the Inspector General to investigate this cybersecurity lapse, emphasizing the potential impact on market stability and trust. The SEC’s failure to … Read more