SEC Investigate Security Issues While X Is Still Twitter

JAKARTA - The Securities and Exchange Commission (SEC) is currently conducting an investigation into security issues on Twitter, currently known as X, in 2018. This problem causes personal information from its users to spread.

Security issues in the form of abug at that time allowed people to see an email address when someone wanted to reset the password. In fact, emails should not be visible or hidden and show only a few words at the end and at the beginning of the email.

Quoting from Engadget, the SEC is investigating whether the company was responsible at the time and disclosing their problems to shareholders.Elon Musk himself realized this security issue before buying Twitter.

According to him, Twitter has had a lot of safety-related issues in the last five years and they weren't right in protecting its user data. Still in the days before Musk took over Twitter, there were complaints from former Twitter Security Chief Peiter Mudge Zatko.

Zatko told the SEC in August that Twitter had flaws in protecting its platform. He also accused Twitter of a violation by the Federal Trade Commission (FTC) in 2011 of privacy cases.

On the latest information, Jack Dorsey, CEO of Twitter before Musk's leadership, is being investigated by the SEC. Although it has begun an investigation, it is not clear when the SEC will complete the investigation and what action they will take.

Meanwhile, the SEC is also targeting Elon Musk in a different case. He posted Musk over the issue of taking over Twitter in early 2022. Musk violated one of the rules regarding the announcement of share purchases of more than five percent.