SEC Charges Flagstar for Misleading Investors About Cyber Breach
ADMINISTRATIVE PROCEEDINGFile No. 3-22360 December 16, 2024 – The Securities and Exchange Commission today filed settled charges against Flagstar Bancorp, Inc. (now known as “Flagstar Financial, Inc.”), for making materially misleading statements regarding a cybersecurity attack on Flagstar’s network in late 2021 (the “Citrix Breach”). The SEC’s order finds that Flagstar negligently made materially misleading statements […]
SEC Confirms Cyberattack on X Account via SIM-Swapping
The Cyber Express reports: The U.S. Securities and Exchange Commission (SEC) has officially confirmed a cyberattack on its X account, revealing that the breach was a result of a SIM-swapping attack on the cell phone number associated with the account. The incident of the SEC X account hacked, which occurred on January 9, 2024, initially involved […]