Wall Street's top regulator came under fire after admitting hackers had breached its database of corporate announcements in 2016 and might have used it for insider trading.
WASHINGTON: In August 2016, just two months before the US Securities and Exchange Commission discovered its corporate filing system had been hacked, the SEC's internal watchdog, Carl Hoecker, received a plea for help from his new forensics investigative unit.
In a three-page memo that was shared with US Congressional staff and seen by Reuters, the head of the forensics unit complained of "serious deficiencies" in equipment, inadequate cyber defense training, and a lack of communication with the SEC's Office of Information Technology (OIT).
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