Hack of SEC files opens door to illegal insider trading

Atiq Raza comments on the SEC data breach:

This attack is especially alarming because of the clear path to monetize this data through illicit trading. We’re also seeing continued erosion of the trust that organizations like the SEC, as well as credit bureaus, financial institutions, health care providers, and government agencies need to operate. It’s critical that the SEC do a better job than Equifax in being transparent about the hack and data exposed. Waiting months to act on a breach discovered in 2016 is not a good start.”

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