Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Treasurer denies South Carolina Senate accusation he risked cyberattack in missing $1.8B case !

Treasurer denies South Carolina Senate accusation he risked cyberattack in missing $1.8B case

Time:2024-05-07 12:39:58 source:Universal Unfoldings news portal

COLUMBIA, S.C. (AP) — Days after a contentious public hearing with state senators, Treasurer Curtis Loftis nearly put South Carolina’s entire financial system at risk of a cyberattack by saying he was going to post reams of account data online, according to a report released Tuesday.

The Senate report attempts to explain how $1.8 billion in unspent money ended up in a Treasurer’s Office account with no idea where it came from or where it was supposed to go. But either the inability or unwillingness of Loftis to help untangle the mess has left many unanswered questions, Republican Sen. Larry Grooms said.

Loftis’ plan, put in writing earlier this month after senators questioned if he was following transparency laws, was stopped after an emergency meeting with the governor that included a phone call from the state’s top law enforcement official, Grooms said.

Related information
  • Who is youngest
  • Xi, Biden Exchange Congratulations on 45th Anniversary of Diplomatic Ties
  • Comicomment: 'Summit for Democracy' not  about democracy
  • Xi Sends Condolences to Iranian President over Serious Terror Attacks
  • What we learned from local votes ahead of looming UK general election
  • Roundup: Establishment of diplomatic ties with China applauded across Honduras
  • American democracy in terminal decline
  • With secret contract, U.S. uses spyware to supervise world: NYT
Recommended content
  • Robinhood Markets receives SEC notice for alleged securities violations at crypto unit
  • CPC Leadership Hears Work Reports
  • European stocks drop as ECB hikes rates
  • Commentary: Chinese consumer market full of opportunities for global brands
  • Trump hush money trial: Prosecutors move deeper into ex
  • Young giant panda Qing Ci dies from rare intestinal disorder