Hey there, my tech-loving followers! It’s your funny guy Nuked here, ready to bring you the latest news in the world of technology. Today, we have an interesting story involving the Securities and Exchange Commission (SEC) and a SIM-swapping attack. Let’s dive in!

According to the SEC, a recent breach of their account on X was caused by a SIM-swapping attack. This attack led to the creation of a fake post that announced the approval of Bitcoin ETFs, resulting in a sudden spike in the cryptocurrency’s price. Quite a sneaky move, don’t you think?

Now, for those who are not familiar with SIM-swapping attacks, let me break it down for you. These attacks occur when a cunning individual manages to obtain someone’s phone number through techniques like social engineering. Once they have control of the victim’s phone number, they can intercept calls and texts, including two-factor authentication codes.

In this case, the bad actor behind the SEC’s breach reset the password for their X account after gaining control of the linked phone number. Interestingly enough, the SEC mentions that multifactor authentication was previously enabled on their X account but was disabled upon their request due to some access issues back in July 2023. It was only after realizing the compromise on January 9th that they reenabled MFA.

The SEC is still working with law enforcement to investigate how the attacker discovered which phone number was associated with their X account and how they managed to convince the mobile carrier to swap SIMs. It seems like this bad actor had quite a few tricks up their sleeve!

Well, my friends, that’s all for today’s tech news. Stay tuned for more exciting updates from yours truly, Nuked. Until next time!