SEC Announces Intrusion to EDGAR System
WHAT HAPPENED?
On September 20, 2017, SEC Chairman Jay Clayton issued a statement announcing a 2016 intrusion to the EDGAR test filling system. The intrusion was first detected in 2016 and the Commission learned in August 2017 that the incident may have been the reason behind illicit gains through trading. The SEC conducted an immediate internal investigation which determined that while the cyber-attack was able to access nonpublic information through the software vulnerability, the intrusion did not obtain any personally identifiable information, jeopardize the SEC’s operations, or result in systemic risk.
