Cyber Criminals Attack SEC

Cyber attackers earned a $4.1 million stock market payday after getting an early peek at unpublished earning results in an SEC database, the Wall Street Journal reported today. According to an SEC complaint, the hackers accessed the SEC’s corporate filing system for more than six months and placed trades based on information obtained from 157 earnings releases.

The hackers used one of the oldest tricks in the book – phishing emails sent to agency employees – to infect computers with malware and steal the needed information. They also exploited a vulnerability in the SEC’s system for storing public filings.

The incident shows that the SEC, which stores highly sensitive corporate information, is vulnerable to the same cybersecurity threats wreaking havoc on banks, public companies and exchanges.

Here’s a link to the SEC press release:

Stop Phishing Attacks with ERMProtect's Security Awareness Training

Turn your employees into a human firewall with our innovative Security Awareness Training.

Our e-learning modules take the boring out of security training.

ERMProtect's Weekly Newsletter

Get a curated briefing of the week's biggest cyber news every Friday.

Intelligence and Insights

penetration testing red flags

Red Flags to Be Aware of in Penetration Testing Companies

It is important to do your research when selecting a penetration testing company. Here are a few red flags to be aware of when choosing penetration testing companies …
pci compliance test

How To Test for PCI Compliance

PCI Compliance tests are a critical step in protecting your organization against cyber threats. We outline the importance of PCI Compliance tests here …
Cybersecurity Penetration Testing

5 Types of Cybersecurity Penetration Testing

If you are looking for ways to improve your company’s cybersecurity, this guide can help. Here are five types of cybersecurity penetration testing …