{"id":44594,"date":"2017-09-26T06:33:38","date_gmt":"2017-09-26T06:33:38","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=44594"},"modified":"2017-09-26T06:33:38","modified_gmt":"2017-09-26T06:33:38","slug":"sec-chairman-belatedly-learned-2016-agency-hack-testimony","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/sec-chairman-belatedly-learned-2016-agency-hack-testimony.html","title":{"rendered":"SEC chairman belatedly learned of 2016 agency hack testimony"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif;color: #000000\">SEC chairman belatedly learned of 2016 agency hack testimony<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">SEC chairman belatedly learned of 2016 agency hack testimony: The chairman of the U.S. Securities and Exchange Commission belatedly found out in August, about three months after being confirmed, that hackers breached the regulator\u2019s database of corporate announcements in 2016, according to prepared congressional testimony seen by Reuters on Monday.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">The SEC\u2019s enforcement staff and inspector general\u2019s office have launched internal investigations into the breach and whether hackers illegally traded on non-public information they stole from the EDGAR filing system, Jay Clayton will tell the Senate Banking Committee at a hearing on Tuesday.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Clayton became chairman of the SEC in May. The breach was first detected in 2016.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">The regulator reported the breach to the Department of Homeland Security\u2019s Computer Emergency Readiness Team when it was first discovered, Clayton said. Since learning of the breach, he has called for hiring more cyber experts at the SEC.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">The SEC said earlier this month that it had discovered an intrusion into EDGAR, which houses corporate filings. Clayton said the hack was possibly the result of a defect in the EDGAR software and added that personally identifiable information did not appear to have been put at risk.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">He said the SEC was still determining the extent and impact of the breach and that it could take \u201csubstantial time\u201d to complete. Clayton said he was limited in what he could say publicly given the ongoing review.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">Clayton\u2019s testimony will come as cybersecurity has rocketed up Congress\u2019s list of concerns. One week after Clayton testifies on the SEC breach, the Senate Banking Committee will hear from Richard Smith, the chief executive of credit monitoring bureau Equifax Inc (EFX.N), who will be testifying on the massive hack into the company\u2019s systems that put personal information of up to 143 million people at risk.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 14pt;color: #000000\">A spokesperson for the Senate Banking Committee was not immediately available for comment.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"font-family: Arial, Helvetica, sans-serif;font-size: 8pt;color: #000000\">Source: http:\/\/www.reuters.com\/article\/us-usa-senate-sec\/sec-chairman-belatedly-learned-of-2016-agency-hack-testimony-idUSKCN1C02NM<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/business\/sec-chairman-belatedly-learned-2016-agency-hack-testimony.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>SEC chairman belatedly learned of 2016 agency hack testimony SEC chairman belatedly learned of 2016 agency hack testimony: The chairman of the U.S. Securities and Exchange Commission belatedly found out in August, about three months after being confirmed, that hackers breached the regulator\u2019s database of corporate announcements in 2016, according [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":44603,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[30053,30054,30104,63708],"class_list":["post-44594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business-updates-usa-news","tag-current-business-updates-usa","tag-current-business-updates-usa-news","tag-sec-chairman-belatedly-learned-of-2016-agency-hack-testimony"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/44594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=44594"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/44594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/44603"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=44594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=44594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=44594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}