Cybersecurity
Hackers May Have Profited From SEC Corporate Filing System Attack
- Breach tied to effort that let firms fill out dummy forms
- Regulator says intrusion resulted from software vulnerability
SEC Warns of Illegal Trade Profits From Edgar Hack
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Companies that took advantage of the chance to practice filing sensitive information with the U.S. Securities and Exchange Commission might wish they hadn’t.
While the SEC is providing few details, the regulator did say the hack of its online database of corporate filings targeted what the agency calls its test Edgar system. It lets startups unfamiliar with filling out SEC forms get comfortable with the process without publicly blasting out market-moving announcements.