SEC Hunts Hackers Who Stole Corporate Emails To Trade Stocks

U.S. securities regulators reportedly are investigating a group of hackers suspected of breaking into corporate email accounts to steal information to trade on, such as confidential details about mergers. According to people familiar with the matter, the Securities and Exchange Commission has asked at least eight listed companies to provide details of their data breaches. The unusual move by the agency reflects increasing concerns about cyber attacks on U.S. companies and government agencies.
John Reed Stark, a former head of Internet enforcement at the SEC, said it is an "absolute first" for the SEC to approach companies about possible breaches in connection with an insider trading probe.



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