Daily Dashboard

SEC Notifies Employees of Data Breach

DATA LOSS—U.S.

October 21, 2011

The Securities and Exchange Commission (SEC) has notified employees of a potential data breach and recommends that they take steps to protect themselves from identity theft, Business Insider reports. A former employee of a company hired by the SEC expressed concerns about how the government agency's data was being handled and processed. Financial Tracking Technologies was hired by the SEC to handle employees' brokerage data but says it notified the SEC of the questionable third-party relationship, the report states. The SEC recently issued guidelines urging public companies to disclose data breaches. Stroz Friedberg Managing Director John Reed Stark said, "It's an irony that the SEC experienced the stress that public companies face every day when worrying about a data breach."
Full Story