Austen’s Take: SEC’s $53,000 Blunder Over Lost Texts from a Certain Mr. Gensler 📜💰
The OIG’s account reveals that from the 18th of October, 2022, to the 6th of September, 2023, Mr. Gensler’s government-issued mobile ceased to synchronize with the SEC’s device management system. In a twist worthy of a Gothic novel, the SEC’s Office of Information Technology (OIT) erroneously marked the phone as inactive, leading to an automatic wipe. In a misguided effort to revive the device, the staff performed a factory reset, thus erasing all text messages and operational logs. The OIG described these events as a series of “avoidable” errors, exacerbated by the absence of backups. 📲💥







