SEC Under Fire for Slow Response to 2016 Large Scale Hack

[kreslik.news]

The U.S. Securities and Exchange Commission (SEC), the country’s top Wall Street regulator, came under fire for failing to respond adequately to a data breach of corporate announcements in 2016.

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To make matters worse, the latest reports suggested that hacking the documents filed by publicly traded companies may have been used for insider trading.

The SEC detected the breach in 2016, but didn’t learn until August that intruders could have used data to make illegals profit through improper trading.

The ... (read more)