SEC’s X account hack rehashes concerns over agency’s data security | Fox Business

Louisiana Republican Sen. John Kennedy, a member of the Senate Banking Committee which oversees the SEC, exclusively told FOX Business that the risk to investor privacy is “clearer than ever” after an unknown party on Jan. 9 gained unauthorized access to the official SEC account on X and posted an erroneous message to the agency’s 750,000 followers, announcing the SEC had approved the launch of 11 new bitcoin ETFs.

Kennedy says he plans to push harder for legislation that he introduced to the Senate in July that would restrict the SEC’s mining of investors’ financial and personal data, which he says is unconstitutional.

“The recent hacking of the SEC’s X account proves just how badly Americans need the Protecting Investors’ Personally Identifiable Information Act to safeguard their sensitive data,” Kennedy said in a statement to FOX Business. “The risk is clearer than ever, as is Congress’s responsibility to act.”

Source: SEC’s X account hack rehashes concerns over agency’s data security | Fox Business