Shawn Tuma Attorney"& Cyber-Security Expert."In July, the Government Accountability Office issued a critical report about the security measures employed by the SEC, citing a number of deficiencies in “the effectiveness of SEC’s controls for protecting the confidentiality, integrity, and availability of its information systems.” It issued 26 recommendations that it said would make SEC systems more secure. According to the SEC, the breach was discovered last year, but the possibility of illicit trading was uncovered only last month. It did not explain why the hack itself was not revealed sooner, or which individuals or companies may have been impacted.
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