US senators seek Gary Gensler’s report on X breach, deadline Monday

Two United States senators are calling on the United States Securities and Exchange Commission (SEC) to provide a report to Congress about the Jan. 9 breach of its X (formerly Twitter) account.

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.”

Concerned about the recent hack, which they said introduced “widespread confusion,” the two senators have requested the SEC provide Congress with a report about the incident, referring to a recently finalized rulemaking regarding cybersecurity disclosures.

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Jan-10-2024 09:36:23 AM