Republicans on the House Financial Services Committee want the SEC to inform them of the recent hack of the agency’s social media account no later than next week.
In a letter sent Wednesday to SEC Chairman Gary Genslerlawmakers noted that X, formerly Twitter, said hacker used phone number associated with SEC account and that the federal agency did not have a two-factor authentication security feature to prevent unauthorized access.
“This failure is unacceptable, and it is concerning that your agency cannot even meet the standards you demand of the private sector,” according to the group, which includes panel Chairman Patrick McHenry (R-NC).
GOP lawmakers also took a not-so-subtle dig at the agency, citing its controversial new project. cyber incident disclosure rules and saying they “expect the SEC to comply with the same requirements imposed on companies across the country.”
Panel members called on the SEC to notify its staff “no later than” January 17 of how the breach occurred and what steps the agency will take to prevent another incident.
As the SEC’s account was compromised Tuesday evening, the company tweeted a message claiming that the commission had approved the listing of Bitcoin exchange-traded funds (ETFs) on national securities exchanges. On Wednesday, the agency actually did approve the list of these funds.
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Martin Matishak is the senior cybersecurity reporter for The Record. Before joining Recorded Future News in 2021, he spent more than five years at Politico, where he covered digital and national security developments on Capitol Hill, the Pentagon and the U.S. intelligence community. He was previously a reporter for The Hill, National Journal Group and Inside Washington Publishers.