September 22, 2017

BEYOND EQUIFAX: Top SEC Officials Only Recently Learned of 2016 Company-Database Hack.

Mr. Piwowar, who led the agency from late January until early May, said he was “recently informed for the first time” about the hack into the SEC’s Electronic Data Gathering, Analysis, and Retrieval System, known as Edgar.

Former SEC Chairman Mary Jo White, who led the agency in 2016, declined to comment when asked about the hack.

The agency appeared not to have followed the typical protocols for public companies, where cybersecurity issues are overseen by the board of directors, said Thomas Sporkin, a former SEC enforcement official.

“You would have expected the commission to have been informed of a breach to an SEC database that houses information critical to investors,” said Mr. Sporkin, now a partner at law firm Buckley Sandler LLP.

Mr. Clayton’s statement described other SEC vulnerabilities to hackers, but provided few details about intrusion, possible trading or which companies might have been affected. The SEC hasn’t responded to requests for additional details.

The country’s in the very best of hands.

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