Just two weeks prior to a cybersecurity breach, the U.S. Securities and Exchange Commission (SEC) was alerted to critical lapses in its cybersecurity defenses. The alert was issued via a report released by the Office of Inspector General (OIG) detailing the SEC’s inadequacies in maintaining strong security measures for digital assets.
The report, published by Cotton & Company Assurance and Advisor, highlighted that there is a necessity to improve several security protocols, including vulnerability management and risk assessment in urgency.
NEW: Remember the @SECGov X hack from January 9th? The last update from the agency on January 22 stated that it was working with the Office of the Inspector General and several outside agencies including the FBI about the incident.
But apparently in 2023, the SEC OIG got an…
— Eleanor Terrett (@EleanorTerrett) May 6, 2024
Based on the document, the SEC was advised to improve its information security controls to include risk management, s
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