The SEC said it learned last month there may have been unspecified illegal trading related to the hack. The agency didn’t disclose when the hack occurred, when it was detected and what information hackers accessed.
today in schadenfreude
SEC Chairman Jay Clayton, a Trump appointee who joined the Commission in May, brought up the severity of cyberrisk in his first major speech in July.
and of course Congress played its part
The Edgar hack occurred two years after Congress slashed half of the $50 million the SEC set aside for technology initiatives. The agency relies on Congress for its funding.
Submitted September 21, 2017 at 05:37PM by wanmoar http://ift.tt/2xiPDQB
