Security and Exchange Commission Hacked
The SEC has admitted that hackers breached its system for storing documents filed by publicly traded companies last year, potentially accessing data that allowed them to make an illegal profit.
The agency detected the breach last year, but didn’t learn until last month that it could have been used for improper trading. The system that was breached, known as EDGAR, is a popular way for investors to access the detailed financial reports companies that sell stock to the public must periodically release. It had a software vulnerability that was exploited and resulted in access to nonpublic information.
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