The commission revealed details of a previously undisclosed hack of its systems in 2016 Jim Bourg/ReutersHackers infiltrated the computer network of America’s top markets watchdog, stealing private information that could have been used to make illegal trading profits. The Securities and Exchange Commission said it discovered last month that a previously undisclosed hack of its systems in 2016 “may have provided the basis for illicit gain through trading”. The commission did not say why it had not previously admitted the breach. The hack and possible insider trading activity were disclosed in a 5,000-word statement by Mr Clayton on Wednesday night. However, it contained little detail about the breach, focusing instead on the…

Source: The Times September 21, 2017 23:03 UTC