SEC Chair Gensler Addresses SIM Swap Attack
SEC Chair Gary Gensler responded to House Republicans regarding the recent SIM swap attack on the SEC’s X account. Gensler emphasized that the SEC takes its cybersecurity obligations seriously and provided a timeline of the attack.
Gensler Details SIM Swap Attack
Gensler explained that law enforcement is investigating how the unauthorized party changed the SIM for the account and knew which phone number was associated with it. The SEC is working to assess the scope of the incident and collaborate with law enforcement partners. However, the unauthorized party behind the attack has not yet been identified.
House Republicans Criticize Gensler
House Republicans criticized Gensler for his handling of the attack. They pointed out that the SEC account did not have two-factor authentication enabled, calling it an unacceptable failure on the SEC’s part.
Gary Gensler Faces Further Criticism
Gary Gensler is facing criticism from Republican senators as well, who accused him of unethical conduct in another case. The senators expressed their concern over the SEC’s actions and called for more ethical and professional behavior from federal agencies.
SEC Continues Investigation
The SEC is still working to track down the SIM swap attacker. Gensler assured House Republicans that the SEC staff is available to answer any additional questions they may have regarding the incident.
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