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2024-01-11 Cyber
X Confirms 'Bitcoin ETF' Breach Was Not Of Any Of Its Systems, SEC Failed To Use 2-Factor Authentication On Phone
[ZeroHedge] With fingers being pointed and blame being apportioned for the SEC screw-up, X's Safety team have provided a rather awkward statement on the results of their probe of the breach.

We can confirm that the account @SECGov was compromised and we have completed a preliminary investigation.

Based on our investigation, the compromise was not due to any breach of X’s systems, but rather due to an unidentified individual obtaining control over a phone number associated with the @SECGov account through a third party.

We can also confirm that the account did not have two-factor authentication enabled at the time the account was compromised.

We encourage all users to enable this extra layer of security.

And there it is, just as the mainstream establishment would have loved to blame Elon Musk, or X, it turns out the world's leading securities regulator was incapable of utilizing two-factor authentication on an account that by all standards can be extremely market-moving in its capabilities.

Of course, these FACTS did not stop 'journalists' running with the narrative that it's all Elon's fault...

Posted by Skidmark 2024-01-11 00:00|| || Front Page|| [11127 views ]  Top

#1 So, conveniently, 'the web' now has multiple renditions of:
your registered name
possible physical address
username
password
phone number
Where you went to grade school
Where you lived as a child
Your first car
Your mother's name
Your first girlfriend
...


11 Facts + Stats on Smishing (SMS Phishing) in 2024

and RETRO
Can We Stop Pretending SMS Is Secure Now?

Posted by Skidmark 2024-01-11 08:22||   2024-01-11 08:22|| Front Page Top

#2 Inside job at SEC
Posted by M. Murcek 2024-01-11 08:26||   2024-01-11 08:26|| Front Page Top

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