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SEC hack is said likely to involve Eastern European crooks

While examinations of the 2016 SEC breach continue, there are signs the attack could have been part of a broader intrusion aimed at other government agencies or private companies.

By Ben Bain and Matt Robinson, Bloomberg | Updated on November 22, 2017
While examinations of the 2016 SEC breach continue, there are signs the attack could have been part of a broader intrusion aimed at other government agencies or private companies. (Photo: Shutterstock)

(Bloomberg) – The hack of the U.S. Securities and Exchange Commission’s corporate-filing database likely involved Eastern European criminals who may have been perusing market-moving information stored in the regulator’s network for months, according to two people with knowledge of the matter.

It was during a routine maintenance check of the SEC’s Edgar system that the agency discovered how long intruders might have had access to company secrets, said one of the people who asked not to be named to discuss findings about the 2016 hack that haven’t been disclosed.

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