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posted by martyb on Friday September 22 2017, @01:44AM   Printer-friendly
from the INSecurities-exchange-commission dept.

The SEC has disclosed that its corporate filing system "Edgar" (Electronic Data Gathering, Analysis, and Retrieval) was hacked in 2016:

The top securities regulator in the United States said Wednesday night that its computer system had been hacked last year, giving the attackers private information that could have been exploited for trading. The disclosure, coming on the heels of a data breach at Equifax, the major consumer credit reporting firm, is likely to intensify concerns over potential computer vulnerabilities lurking among pillars of the American financial system.

The Securities and Exchange Commission said in a statement that it was still investigating the breach of its corporate filing system. The system, called Edgar, is used by companies to make legally required filings to the agency.

The agency said it learned in August that an incident detected last year "was exploited and resulted in access to nonpublic information." It said the security vulnerability used in the attack had been patched shortly after it was discovered. The hacking, it said, "may have provided the basis for illicit gain through trading."

Direct link to the SEC statement.

Also at Bloomberg.


Original Submission

 
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  • (Score: 0) by Anonymous Coward on Friday September 22 2017, @04:03PM

    by Anonymous Coward on Friday September 22 2017, @04:03PM (#571684)

    Simple. The dollars/pounds/euros/marks by which your fixed assets are valued and traded are backed by...wait for it...nothing!