The revelation from the critical agency comes as Americans grapple with the repercussions of a massive, months-long hack at the credit agency Equifax, which exposed highly sensitive personal information of 143 million people. Those documents can cause enormous movements in the market, sending billions of dollars in motion in fractions of a second. The SEC files financial market disclosure documents through its EDGAR system, which processes more than 1.7 million electronic filings in any given year. Clayton said SEC has been conducting an assessment of its cybersecurity since he took over as chairman in May. In a prepared statement, SEC Chairman Jay Clayton said a review of the agency's cybersecurity risk profile determined that the previously detected incident was caused by "a software vulnerability" in its filing system known as EDGAR, short for Electronic Data Gathering, Analysis, and Retrieval system. It did not explain why the hack itself was not revealed sooner, or which individuals or companies may have been impacted.
According to the SEC, the breach was discovered last year, but the possibility of illicit trading was uncovered only last month.
0 kommentar(er)
