Two charged with hacking company filings out of SEC’s EDGAR system

They’re charged with phishing and inflicting malware to get into the EDGAR filing system, stealing thousands of filings, and selling access. Continue reading Two charged with hacking company filings out of SEC’s EDGAR system

SEC brings charges in EDGAR trade hacking case

The US Securities and Exchange Commission (SEC) has charged nine defendants in connection with a scheme to hack into SEC systems and profit from corporate information not yet released to the public. The defendants, a Ukrainian hacker, six traders in Ca… Continue reading SEC brings charges in EDGAR trade hacking case

Two Ukrainians charged with hacking into SEC’s EDGAR database

The Securities and Exchange Commission and Department of Justice announced charges Tuesday against an alleged Ukrainian hacker and several other suspects in a scheme where nonpublic information was taken from the commission’s corporate filing system and used for illegal financial trading. Oleksandr Ieremenko is alleged to have hacked into the SEC’s EDGAR system, accessing “test files,” which companies can use to submit information ahead of their public earnings reports. Sometimes companies include nonpublic information in those filings. According to the SEC and U.S. Attorney’s Office of  New Jersey, Ieremenko extracted nonpublic test files from SEC servers, and then passed the information to different groups of traders. The traders made transactions before at least 157 earnings releases from May to October 2016, generating at least $4.1 million in illegal profits. The SEC discovered the breach in 2016 after realizing there was a vulnerability in the EDGAR system. The agency didn’t suspect until […]

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Continue reading Two Ukrainians charged with hacking into SEC’s EDGAR database