SEC Data Breach – 5 Things to Know

[30 second read]

  • On September 20th, 2017, the Securities and Exchange Commission (SEC) disclosed to the public that its databases are infiltrated.
  • Impact: Hackers may have used this information to enable insider trading.
  • Attack vector: Hackers exploited a software vulnerability in EDGAR system, which is used by companies to submit their financial filings online.
  • The EDGAR system was promptly patched to prevent further damage.
  • Such data breaches can be made difficult by always encrypting sensitive information, deploying intrusion detection systems and sanctioning unsupported software which SEC failed to implement fully.

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