World Media

An SEC hack may have resulted in illicit trading, chairman says

An SEC hack may have resulted in illicit trading, chairman says

"In today's environment, cyber attacks are perpetrated by identity thieves, unscrupulous contractors and vendors, malicious employees, business competitors, prospective insider traders and market manipulators, so-called 'hacktivists, ' terrorists, state-sponsored actors and others", Clayton said.

The statement from Clayton also mentioned that some SEC laptops that could have stored private data were unable to be located during an internal review of the body in 2014.

The Edgar system is a popular way for investors to access the detailed financial reports companies that sell stock to the public must periodically release.

The agency said it did not believe that the breach had involved personal information or that it would jeopardize the agency's activities.

Kevin Hart and I were covertly recorded in hotel suite, woman claims
When asked if Sabbag knew Hart was married at the time of their encounter, Bloom said, "I'm not going to answer that question". We are not making any claims against him. "Any reports to the contrary are false", Bloom said.

Clayton's public statement said the SEC recognizes the importance of cybersecurity and uses an organizationwide program for threat detection, protection and prevention.

The SEC says this was possible due to a "software vulnerability in the test filing component of our EDGAR system".

The US Securities and Exchange Commission (SEC) said yesterday (20 September) that its corporate database had been infiltrated in 2016, but only in August 2017 was it discovered that those responsible may have used their ill-gotten information to dabble in some insider trading.

An investigation into the breach and its possible consequences is ongoing, and the SEC said that it is cooperating with the "appropriate authorities".

Android One in the USA: Moto X4 with Project Fi
The rear dual camera setup compromises of a 12-Megapixel sensor+8-Megapixel ultra-wide angle lens with 120-degree field of view. However, despite that, the Moto X4 does not offer Android Oreo out-of-the-box and instead, runs on Android 7.1.

According to the SEC, the breach was discovered past year, but the possibility of illicit trading was uncovered only last month.

The disclosure, coming on the heels of a data breach at Equifax, the major consumer credit reporting firm, will likely intensify concerns over potential computer vulnerabilities lurking among pillars of the American financial system.

"Cybersecurity is critical to the operations of our markets and the risks are significant and, in many cases, systemic", said Chairman Clayton.

"This hack illustrates that protecting against hackers isn't as easy as the government sometimes expects of companies, " Bradley Bondi, a former SEC enforcement attorney now in private practice, told Bloomberg. "We must be vigilant". It also found the SEC hadn't implemented certain parts of its information security program, such as maintaining up-to-date network diagrams and monitoring key systems' security configurations. The SEC regulates what companies must disclose to shareholders about breaches.

Hurricane Maria 'devastates' Dominica: PM
Jose's center was about 350 miles south-southwest of Nantucket, Massachusetts, early Tuesday and moving north at 9 mph. "We're going to lose a lot of infrastructure in Puerto Rico ".


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