Travis Smith, principal security researcher at Tripwire, said it should be no surprise that the SEC was the target of an attack. The statement didn't explain the delay in the announcement, the exact date the system was breached and whether information about any specific company was targeted.
Today, it was announced that the SEC was a victim of a late Wednesday night hack.
The SEC uses the EDGAR system for oversight of the system of public reporting by issuers and other registrants.
While the SEC handles non-public drafts of rules and personally-identifiable information, it said it doesn't believe the breach led to unauthorized access of that type of data, endangered the operations of the agency, or resulted in "systemic risk". The incident stemmed from "a software vulnerability in the test filing component" of the EDGAR system that "was exploited and resulted in access to nonpublic information". In August 2017, the Commission learned that an incident previously detected in 2016 may have provided the basis for illicit gain through trading.
However, hackers may have gotten their hands on nonpublic information.
Earlier this year the SEC filed fraud charges against a mechanical engineer who was accused of "scheming to manipulate the price of Fitbit stock by making a phoney regulatory filing" on the EDGAR system.
The vulnerability of governments and businesses to cyberattacks was exposed again Wednesday when a top US financial regulator said hackers had breached its electronic database of market-moving corporate announcements, and may have profited from the information they stole.
The SEC hosts large volumes of sensitive and confidential information that could be used for insider-trading or manipulating US equity markets.
Terry Murray, president of San Antonio-based Prescriptive Data Solutions, said the breach is yet another sign of an organization waiting for a catalyst to make significant changes in its security practice.
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. The agency said it did not result in "systemic risk". "We must be vigilant".
Clayton did not delve into details about what information was illicitly obtained, but said the investigation is ongoing and the SEC is "coordinating with appropriate authorities".
Clayton admits that "there will be intrusions, and that a key component of cyber risk management is resilience and recovery".
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Speaking on the incident, Minister of Water Resources, Lallan Singh said, "The dam broke due to release of water in full capacity. The incident has not caused any damage to the newly constructed part of the project", Lallan Singh had said.
America's Got Talent judge Simon Cowell was apparently rooting for the talented young girl to win the season. Singer Kechi survived a horrific plane crash and burns over her entire body to make it to the AGT finals.
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If the Texans and Watson are able to pull off a win on the road this coming Sunday, they would be making history. We have no inside intel on whether Trump and Brady were ever Tomanka - you know, like the former Brangelina.
As such, it will be updated to Android Oreo promptly ( promised by the end of the year) and Android P, which will launch in 2018. The rear dual camera setup compromises of a 12-Megapixel sensor+8-Megapixel ultra-wide angle lens with 120-degree field of view.
It is not immediately clear if the local government in the semi-autonomous Kurdish region would abide by Monday's court ruling. Turkey's strong economic ties to the Kurdish Regional Government ( KRG ) will weigh on any response from Ankara .
Inflation has been kept in check, despite an otherwise healthy labor market, which should theoretically lift prices and inflation. While the UK's FTSE 100 Index edged down by 0.1%, the German DAX Index and the French CAC 40 both crept up by 0.1%.
The Paris-based economic think tank says it now expects the Canadian economy to grow by 3.2 per cent this year, best in the G7. Globally, the pace of expansion is expected to pick up this year compared to 2016, with a further uptick projected in 2018.
China's Credit Rating Slashed
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Motorola To Launch Moto X4 In India: What To Expect
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Major 7.1 magnitude natural disaster strikes Mexico city
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Irma death toll rises in Florida
Scott's rule will expire in 90 days, and he vowed to take action against facilities that don't comply within the 60-day deadline. On Saturday, power was restored to at least three nursing homes and 10 assisted living facilities housing elders in Florida.