Federal Government Information Technology

SEC Chair Pledges Data Breach Investigation, Cyber Hiring Surge

Nextgov: The Securities and Exchange Commission has launched a two-part investigation into a 2016 data breach of its online filing system that was first disclosed last week, the commission’s Chairman Jay Clayton told lawmakers Tuesday.

The first part of the review is focused on the breach itself, how far it spread and if there are any other undiscovered hackable vulnerabilities in the commission’s Electronic Data Gathering, Analysis, and Retrieval system, or EDGAR, an online filing system for company financial forms, Clayton told members of the Senate Banking Committee.

The second part of the review will focus on if and how hackers used the breach to trade stocks and other financial securities based on non-public information, Clayton said.

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