Cybersecurity
SEC Hack Likely to Involve Eastern European Criminals
- Intruders may have had access to test Edgar filings for months
- Theft of corporate data may have led to illegal trades: SEC
SEC Under Scrutiny After Hack of Corporate-Filing Data
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The hack of the U.S. Securities and Exchange Commission’s corporate-filing database likely involved Eastern European criminals who may have been perusing market-moving information stored in the regulator’s network for months, according to two people with knowledge of the matter.
It was during a routine maintenance check of the SEC’s Edgar system that the agency discovered how long intruders might have had access to company secrets, said one of the people who asked not to be named to discuss findings about the 2016 hack that haven’t been disclosed.