The United States Securities and Exchange Commission (SEC) is <\/span>looking<\/span><\/a> into Twitter\u2019s data and privacy security breach which happened before Tesla boss Elon Musk took over the social media platform.\u00a0<\/span><\/p>\n Markedly, the regulator opened the investigation to scrutinize the way the former leadership of the company, which was recently <\/span>rebranded<\/span><\/a> to the X app, handled some security flaws that happened back in 2018. At the time, Twitter suffered several security breaches featuring on one occasion, the discovery of a computer virus.<\/span><\/p>\n <\/p>\n Precisely, the SEC is considering if the top executives at the time failed to properly inform shareholders of the privacy issues. The executives in question include Twitter\u2019s former Chief Financial Officer Ned Segal and former Chief Technology Officer Parag Agrawal.<\/span><\/p>\n Noteworthy, Agrawal became the Chief Executive Officer (CEO) of the company in 2021 after Jack Dorsey exited.<\/span><\/p>\n <\/p>\n The agency is also looking at whether the appropriate controls were put in place prior to the attack. Sadly, the breach led to the exposure of users\u2019 personal information as the bug which was planted on the social media platform gave the perpetrators access to private information like users\u2019 email addresses. Also, the bug exposed the names of countries where users\u2019 accounts are based.<\/span><\/p>\n <\/p>\n According to one of the sources who asked to remain anonymous, this move revealed the identity of users to the bad actors. In the meantime, nothing has been said about an enforcement action especially as none of these executives have been accused of doing any wrong. It is also not clear when the review will come to an end.<\/span><\/p>\n Last year, Elon Musk took over Twitter after making a $44 billion <\/span>bid<\/span><\/a> for the company. Immediately he assumed the position of CEO, he went on a retrenchment spree which eventually affected both Agrawal and Segal. It is worth noting that Musk had attempted to cancel his buyout decision due to the controversies surrounding some of the security concerns under probe at this time.\u00a0<\/span><\/p>\n Amidst the current probe, the U.S. SEC is also <\/span>investigating<\/span><\/a> Musk over his acquisition of the social media platform. The regulator is seeking to know if the billionaire violated federal securities laws during his stock purchases and through subsequent statements and filings related to the deal.<\/span><\/p>\n <\/p>\n \u2713 Share:<\/p>\nSEC Begins Probing Former Twitter Executives<\/strong><\/h2>\n
SEC Also Probing Elon Musk\u2019s Twitter Buyout<\/strong><\/h2>\n
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