U.S. SEC: The theft of X account was due to a SIM card swap attack, and multi-factor authentication has been restarted

2024-01-23 08:08:00

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ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) has updated its official website regarding the latest developments on the unauthorized access incident involving the SEC's official X account (@SECGov) on January 9. The SEC stated: "Although multi-factor authentication (MFA) was previously enabled on the X account, it was disabled at the request of staff in July 2023 due to issues accessing the account. MFA remained disabled until staff re-enabled it after the account was compromised on January 9. Currently, all SEC social media accounts that offer MFA have it enabled."

The SEC also stated that this was indeed a "SIM swap" attack, where an unauthorized party obtained the phone number through a telecommunications provider rather than the SEC's systems.

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