U.S. SEC blames tech failures for loss of Gary Gensler’s texts
The post U.S. SEC blames tech failures for loss of Gary Gensler’s texts appeared on BitcoinEthereumNews.com. The U.S. Securities and Exchange Commission (SEC) said Wednesday it lost nearly a year’s worth of text data from its former Chair, Gary Gensler. The agency’s Office of the Inspector General implicated tech failures for the loss of messages. The report revealed that Gensler’s SEC-issued smartphone was functioning normally and was used regularly until July 6, 2023, when it encountered some tech problems. The OIG also highlighted that Gensler’s smartphone had stopped syncing with the agency’s device management systems. OIG introduces policy that wipes devices not connected for 45 days The report revealed the agency’s Office of Information Technology (OIT) staff failed to notice that the phone was showing an inactive status in the 62 days that followed. The OIG later introduced a policy on August 10 that automatically wipes any device that has not connected for 45 days. The agency’s independent watchdog launched the initiative, arguing that devices might be lost or stolen. The rule also led to Gensler’s phone being wiped. The former SEC Chair arrived at the agency’s headquarters on September 6, 2023, and found his device lacked the SEC’s apps. Gensler inquired for help from the agency’s IT staff, who investigators said were unaware of what had transpired. The office permanently deleted text messages from October 18, 2022, through September 6, 2023, while performing a factory reset in a bid to restore the device. Timeline of significant events leading to the loss of Gensler’s text messages. Source: Office of Inspector General (OIG) The Office of the Inspector General said missed warnings and poor vendor coordination mainly compounded the failure. The agency also blames the AAR, whose purpose was to review why Gensler’s device stopped communicating with the SEC’s mobile device management systems. Weak change-management practices in the agency, which caused the enterprise wipe, were also flagged…
The post U.S. SEC blames tech failures for loss of Gary Gensler’s texts appeared on BitcoinEthereumNews.com.
The U.S. Securities and Exchange Commission (SEC) said Wednesday it lost nearly a year’s worth of text data from its former Chair, Gary Gensler. The agency’s Office of the Inspector General implicated tech failures for the loss of messages. The report revealed that Gensler’s SEC-issued smartphone was functioning normally and was used regularly until July 6, 2023, when it encountered some tech problems. The OIG also highlighted that Gensler’s smartphone had stopped syncing with the agency’s device management systems. OIG introduces policy that wipes devices not connected for 45 days The report revealed the agency’s Office of Information Technology (OIT) staff failed to notice that the phone was showing an inactive status in the 62 days that followed. The OIG later introduced a policy on August 10 that automatically wipes any device that has not connected for 45 days. The agency’s independent watchdog launched the initiative, arguing that devices might be lost or stolen. The rule also led to Gensler’s phone being wiped. The former SEC Chair arrived at the agency’s headquarters on September 6, 2023, and found his device lacked the SEC’s apps. Gensler inquired for help from the agency’s IT staff, who investigators said were unaware of what had transpired. The office permanently deleted text messages from October 18, 2022, through September 6, 2023, while performing a factory reset in a bid to restore the device. Timeline of significant events leading to the loss of Gensler’s text messages. Source: Office of Inspector General (OIG) The Office of the Inspector General said missed warnings and poor vendor coordination mainly compounded the failure. The agency also blames the AAR, whose purpose was to review why Gensler’s device stopped communicating with the SEC’s mobile device management systems. Weak change-management practices in the agency, which caused the enterprise wipe, were also flagged…
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