Someday, but not today. At least not the SEC. SEC says X account was hacked as false post causes bitcoin price swings | Ars Technica
Let's be clear. The Social Media Platform Formerly Known As Twitter was NOT hacked. The Security and Exchange Commission's account was accessed.
"Based on our investigation, the compromise was not due to any breach of X's systems, but rather due to an unidentified individual obtaining control over a phone number associated with the @SECGov account through a third party. We can also confirm that the account did not have two-factor authentication enabled at the time the account was compromised. We encourage all users to enable this extra layer of security," X said.
No security? It's only Twitter. 2-factor authentication is so confusing. What's the worst that could happen?
The Securities and Exchange Commission's X account was hacked yesterday and briefly displayed a post falsely announcing the approval of bitcoin exchange-traded funds (ETFs), causing an abrupt swing in bitcoin's price.
If you're a government agency in the position to be able to impact market manipulation institute freaking 2-factor authentication. "But it's inconvenient." Or "I don't know how to do that." Then stay the hell off the internet.
The SEC told other media outlets that it "will work with law enforcement and our partners across government to investigate the matter and determine appropriate next steps relating to both the unauthorized access and any related misconduct."
They didn't commit to upgrading their approach to security. Your tax dollars are being used in stupid ways.
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