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SEC Considers Updating Disclosure Requirement for Breaches on Public Firms
Published on 9 Jun, 2011 at 11:06 in Cyber | Viewed 50 times | No Comments
Securities and Exchange Commission Chairman Mary Schapiro will “seriously consider” issuing additional guidance detailing when public companies should notify the public about cybersecurity breaches, Reuters reports.
“Although we are not aware that investors have asked for more disclosure in this area, I have asked the commission staff to provide me…
SEC Suffers Email Encryption Snafu
Published on 20 May, 2011 at 13:13 in Cyber | Viewed 38 times | No Comments
About 4,000 employees at the Securities and Exchange Commission have been notified about a breach that may have exposed their Social Security numbers and other payroll information, Los Angeles Times reports.
Drew Malcomb, a Department of Interior spokesman, told Los Angeles Times the sensitive information was included in an unencrypted email sent May 4 by a contractor at the department’s National Business Center,…
Lawmaker Calls for Hacker Crackdown after Nasdaq Intrusion
Sen. Bob Menendez, a Democrat from New Jersey and a member of the Senate Banking Committee, is urging U.S. securities regulators to crack down on cyber criminals following reports that hackers tried to break into the trading systems run by Nasdaq OMX Group.
The senator sent a letter to the Securities and…
Russian Sued Over Hacked Brokerage Accounts
Published on 17 Mar, 2010 at 9:09 in Cloud | Viewed 387 times | No Comments
The U.S. Securities and Exchange Commission has accused a Russian national of using hijacked brokerage accounts to illegally earn over $255,000. Valery Maltsev used the hijacked accounts to manipulate the price of shares at 38 companies.
Maltsev would form a legitimate account to buy into each company and then use the hijacked accounts to buy or sell significant portions of them. He would then sell his legitimate shares for a…
