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SEC Says X Account Hack Is Due to SIM Swapping

An “unauthorised party” executed a SIM swap attack, taking control of the SEC’s X account’s cell phone number and posting messages on its social media feed. The SEC clarified that the access to the phone number occurred via the telecom carrier. They reinstated multi-factor authentication after the incident, after having disabled it in July 2023. The SEC is working with law enforcement agencies to investigate the attack.

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