SEC's filing system hacked; illegal trading profits feared
Breach due to software vulnerability was patched but hackers still gained access to non-public information
Washington
THE vulnerability of governments and businesses to cyber attacks was exposed again on Wednesday when a top US financial regulator said that hackers had breached its electronic database of market-moving corporate announcements, and may have profited from the information that they stole.
The hack of an aspect of the US Securities and Exchange Commission's (SEC) Edgar filing system occurred in 2016, the regulator said in a statement. But it was not until last month that the agency concluded that the cyber criminals involved may have used their bounty to make illicit trades.
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