SEC pressed to repair cyber security following X account breach

TLDR: US lawmakers have called on the Securities and Exchange Commission (SEC) to conduct a review of its cyber security protocols following a hack that affected the agency’s X account. The hack involved the posting of a fake message that claimed the SEC had approved exchange traded funds for bitcoin. In response, senators Ron Wyden and Cynthia Lummis have requested an investigation into the incident and the SEC’s cyber security practices. They highlighted the absence of multi-factor authentication (MFA) as a significant security gap that needs to be addressed. MFA is a two-step verification process that adds an extra layer of security to internet accounts.