BITCOIN X HACK AN ‘EMBARRASSMENT’ FOR CYBER SECURITY-CONSCIOUS SEC

Summary from the TLDR InfoSec newsletter

The SEC's official X account was hacked and made to tweet a false claim that the bitcoin ETF was approved. This highlights cyber risks the agency has long warned companies about. SEC chair Gary Gensler prioritizes cybersecurity, mandating disclosures and punishing misleading claims. The hack was caused by an individual hijacking the SEC's phone number via a third party. X said the SEC account lacked two-factor authentication.