The SEC, which regulates the financial securities industry, gave few details on the hack but said the hackers may have made "illicit gain through trading", NBC News reported. Its announcement comes about two weeks after credit reporting agency Equifax said a major hack may have exposed personal data on as many as 143 million people.
The Securities and Exchange Commission said in a statement that it was still investigating the breach of its corporate filing system. But the 2016 breach was the result of a deliberate attack aimed at accessing the EDGAR filing system.
Hackers may have used information stolen from the United States financial regulator to make "illicit gain" through insider trading, the body's chairman admitted.
While the 2016 SEC breach was known by the agency, it was never disclosed to the public; the expanded impact of the incident was not uncovered until August, more than one year after the attack.
"The SEC is a juicy target because they store non-public information, which can be used to exploit the stock market - not exploiting in the technical sense, but using the non-public information to successfully invest in the stock market", Smith told SearchSecurity.
The statement from Clayton also mentioned that some SEC laptops that could have stored private data were unable to be located during an internal review of the body in 2014. The statement said that it didn't believe any personally identifiable information or SEC operations were compromised and that an investigation was continuing.
SEC Chairman Jay Clayton said in a statement posted last night on the SEC's website that a review of the agency's cybersecurity risk profile determined that the previously detected "incident" was caused by "a software vulnerability" in its EDGAR filing system.
If the right information gets into the wrong hands it can greatly upset the stability of the market, and if hacks happen it's hard to trust trading on Wall Street to be fair. The SEC sometimes handles its own sensitive information, including disclosures that companies are allowed to keep away from investors.
But it is what the unknown hackers were able to see and make use of that has forced SEC to disclose the breach. "We also must recognise - in both the public and private sectors, including the SEC - that there will be intrusions, and that a key component of cyber risk management is resilience and recovery".
It doesn't get any easier for the Giants , either, not with road games against Philadelphia and Tampa Bay in the next two weeks. Matthew Stafford is making the leap from very good quarterback to a great franchise quarterback in front of our eyes.
An incident with a combat helicopter that fired a missile at spectators has recently occurred during Zapad 2017 military drills . It said Tuesday two people were wounded and two vehicles destroyed in the incident during the Zapad (West) 2017 maneuvers.
Cuba has denied any involvement and has been uncharacteristically forthcoming in their willingness to help. The U.S. has said the tally of Americans affected could grow as more cases are potentially detected.
The administration must decide in mid-October whether it will certify that Iran is still in compliance with the agreement. He also decried the "disastrous rule" of Venezuela's Nicolas Maduro and urged the U.N.to step in.
Apple confirmed that its new Series 3 Apple Watch can encounter problems connecting to a cellular network. In fact, AT&T, T-Mobile, and Verizon offer service packages dedicated to Apple Watch Series 3.
But in a statement sent to various media outlets, chairman and CEO Dave Brandon was optimistic about the future of the chain. The retail giant has now announced its north American arm is seeking " Chapter 11 protection" from the US Bankruptcy court.
About 30,000 new youngsters are joining the job market every single day and yet the government is only creating 500 jobs a day. He also said India and the U.S. have a lot of potential when it comes to creating jobs and boosting the education sector.
That's nearly certainly not true, given the Medicaid expansion rollback that would take place under the bill. Kimmel acknowledged that some viewers might object to the overtly political message of his monologue.
Dozens of states sign nuke weapons ban treaty at UN
General Assembly: "It will be a great pity if this agreement were to be destroyed by rogue newcomers to the world of politics". Costa Rican President Luis Guillermo Solis said supporters of the treaty regretted the nuclear-armed nations' position.
SK hynix keeps mum on Toshiba deal
Western Digital also reiterated that it expected to win its arbitration against Toshiba at the International Chamber of Commerce. The iPhone X maker, however, extended its support to Bain consortium to buy the Toshiba memory chip unit worth $22 billion.
Kenya's presidential re-run may be postponed
Armed police patrolled the entrance to the court and trucks filled with security forces were parked outside the building. The constitution dictates the poll take place within 60 days of the Supreme Court's ruling, which is October 31.
Alec Baldwin just majorly dissed President Trump
Alec has had three kids with his wife in the last three years but in 2017 thus far, the pair hasn't conceived for the fourth time. Producer Lorne Michaels nailed the short speech requirement, accepting a statue for Best Comedy Series for Saturday Night Live .