TECH - SEC Learns From Mistakes: Months After Bitcoin ETF Hoax On X Agency Bans Whatsapp Signal And Other Texting Apps On Work Phones | Benzinga
In a move to bolster record-keeping and address security vulnerabilities, the U.S. Securities and Exchange Commission (SEC) has banned the use of third-party messaging apps and texting on its employees’ work phones. This decision aligns the SEC’s internal practices with the standards it imposes on the financial industry.
What Happened: The SEC’s new policy follows the imposition of approximately $3 billion in fines on financial firms for inadequate record-keeping of work-related communications on mobile devices and apps like Signal and Meta Platforms Inc.'s WhatsApp, reported Bloomberg.
Earlier this year, a security breach involving one of the SEC’s social media accounts prompted this decision. The agency has now limited access to third-party messaging applications, including SMS and iMessage texts, to reduce the risk of system compromise and enhance record-keeping, according to an SEC spokeswoman.
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