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Hack of U.S. securities regulator rattles investors, stirs doubts
Reuters ^ | September 21, 2017 | by Sarah N. Lynch, Jonathan Spicer

Posted on 09/21/2017 10:48:31 AM PDT by Oldeconomybuyer

Wall Street’s top regulator faced questions on Thursday about its defenses against cyber criminals after admitting hackers breached its electronic database of corporate announcements and may have used it for insider trading.

The incursion at the Securities and Exchange Commission struck at the heart of the U.S. financial system. The SEC’s EDGAR filing system is the central repository for market-moving information on corporate America with millions of filings ranging from quarterly earnings to statements on acquisitions.

Accessing documents before they are released publicly would offer hackers a lucrative opportunity to trade on that information.

The SEC has said it was investigating the source of the hack but it did not say when exactly it happened or what sort of non-public data was retrieved. The agency said the attackers had exploited a weakness in part of the EDGAR system and it had “promptly” fixed it.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: cyberattack; cyberthreat; hack; nationalsecurity; sec; sechacked; stockmarket

1 posted on 09/21/2017 10:48:31 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

Equifax was a government (they didn’t say which) perpetrated breach. I am going to guess this one is some government agency looking for some side income.


2 posted on 09/21/2017 11:02:29 AM PDT by Cold Heart
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3 posted on 09/21/2017 3:20:59 PM PDT by DoughtyOne (DACA: Their dream, our nightmare... will the rule of law prevail or not?)
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