http://wccftech.com/senate-sec-chairman/

Cyberattacks have taken the US financial industry by a storm as the country’s regulator, the US Securities and Exchange Commission, disclosed that criminals had breached its EDGAR system last year. EDGAR hosts millions of documents, including market-sensitive corporate disclosures such as earnings statements. The regulatory authority had suggested that the breach may have resulted in insider trading. The SEC chairman, Jay Clayton, who was appointed to chair the Commission in May this year was grilled by the Senate Banking Committee earlier today, over the cyber breach.

In his statement to the Senate, Clayton said that he was only made aware of the breach last month. The security breach is believed to have occurred in 2016, however, Clayton added that “I don’t think we can know for sure” about the exact timing of the breach.