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SEC X Account Hack Draws Senate Outrage

Senators have criticized the Securities and Exchange Commission (SEC) for its lack of multifactor authentication (MFA) protections, following a recent hack. They have called for an investigation into the regulator’s cybersecurity practices. The breach involved the SEC’s Twitter account and resulted in the release of material information that impacted investor trust and market stability. The Senators argued that the SEC should have employed a phishing-resistant MFA system to prevent such incidents.

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