There's a chance north korean hackers were responsible. North korean hackers were allegedly behind the HBO hack and game of thrones leaks which occurred recently. They were also allegedly behind sony hack in previous years which led to the premature release of the movie Fury and other media. China hacked US defense servers and stole data on the F-22/F-35 stealth planes years ago, which allowed china to build their own J-20 stealth fighter earlier than they normally would.
The media will likely blame russia for this to keep the "Putin hacked the 2016 elections" myth alive, despite russia not being very active on an international front.
Not certain if blockchain would be a good option for EDGAR. Blockchain may be better at protecting the integrity of information than it is protecting privacy of data. While blockchain may be good for data integrity & accessibility of open ledgers and cargo manifests, a normal backend database may be easier to defend against data intrusion being centralized.
Topic: SEC - EDGAR Database Hacked - Perfect Reason to Move EDGAR to Blockchain (Read 219 times)
September 21, 2017, 05:02:38 PM
September 21, 2017, 04:40:03 PM
The SEC disclosed EDGAR was penetrated by hackers and they had access to company releases early and made market trades based on those releases.
If EDGAR were moved to blockchain where only a company with the private key to it's own public releases were in control, the entire world would get all required filings at the same time with no chance for anything to hack.
Other than the occasional corporate private key being compromised which would happen no more often than Edgar passwords are compromised.
Some government's attempt to discredit blockchain and attempt to destroy it's value proposition but the real value is almost limitless for many industries including document filing and public release.
News on SEC Hack: https://www.reuters.com/article/us-sec-cyber/hack-of-wall-street-regulator-rattles-investors-lawmakers-idUSKCN1BW25J
If EDGAR were moved to blockchain where only a company with the private key to it's own public releases were in control, the entire world would get all required filings at the same time with no chance for anything to hack.
Other than the occasional corporate private key being compromised which would happen no more often than Edgar passwords are compromised.
Some government's attempt to discredit blockchain and attempt to destroy it's value proposition but the real value is almost limitless for many industries including document filing and public release.
News on SEC Hack: https://www.reuters.com/article/us-sec-cyber/hack-of-wall-street-regulator-rattles-investors-lawmakers-idUSKCN1BW25J
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