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SEC computers left vulnerable to cyberattacks, report finds

The Securities and Exchange Commission failed to encrypt some highly sensitive stock exchange data, according to a report from Reuters.

Sec seal 2012 02 08Enlarge
The US Securities and Exchange Commission seal hangs on the facade of its building in Washington, DC. (Chip Somodevilla/Getty Images)

The Securities and Exchange Commission (SEC) failed to encrypt some highly sensitive stock exchange data, leaving their computers vulnerable to cyberattacks, Reuters reported

The reportedly vulnerable computers and other electronic devices belong to some SEC's Trading and Markets Division employees, sources familiar with the matter told Reuters, the office which ironically enforces guidelines to protect the markets from systems issues and cyber threats, according to Reuters. 

However, no hackings or security breaches were found to have occurred. 

John Nester, the SEC's spokesman, refused to comment on the report's findings, as did the NASDAQ. Reuters reports that those involved have been disciplined. 

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The New York Stock Exchange spokesperson Rich Adamonis told Reuters that the Exchange is "disappointed" with the SEC.

The slipup may highlight an order on cybersecurity measures expected to be passed down by Obama, which would require companies and government agencies to adhere to tighter security measures, CNET reported

Earlier this year, a vote on the measure was stopped by Republicans who believed it would "place an unfair burden on companies," according to CNET. 

Lockheed Martin, Bank of America, and other large corporations have been the victims of cyberattacks in recent years, Reuters pointed out. 

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http://www.globalpost.com/dispatch/news/regions/americas/united-states/121109/sec-computers-left-vulnerable-cyberattacks