Search
 
News

SEC sues team of hackers over 2016 Edgar database breach

The defendants made $4.1 million after placing market bets based on information they received from the SEC database.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The stolen information included non-public corporate earnings reports and other material information. The Edgar breach lasted from May 2016 through at least October 2016, according to the SEC. (Photo: Shutterstock)

(Bloomberg) –After the U.S. government shut down their scheme trading stocks on pilfered corporate press announcements, a team of eastern European hackers moved on to an even more ambitious target: the Securities and Exchange Commission.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.