US senators seek Gary Gensler’s report on X breach, deadline Monday
While the investors and markets reacted unpredictably amid the confusion, many pointed out the SEC’s lack of preparedness against cyberattacks and online threats.
Two United States senators are calling on the United States Securities and Exchange Commission to provide a report to Congress about the Jan. 9 X account breach.
In a same-day letter to SEC Chair Gary Gensler, Senators J.D. Vance and Thom Tillis described the incident as raising “serious concerns” about the commission’s internal cybersecurity procedures.
It also called it “antithetical to the Commission’s tripartite mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.”
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