$10 Million Oopsie: NYSE Parent Fined for Cyber Snafu Silence, Slammed by SEC
Facing a $10 million whoopsie-daisy, ICE learns the hard way that the SEC doesn’t appreciate tardy cyber intrusion tell-alls. Cyber sneaks in, ICE stays mum, and the SEC’s not laughing.
Hot Take:
Oh, the irony! The New York Stock Exchange, the epitome of quick and efficient transactions, apparently moves at the speed of molasses when it comes to reporting cyber intrusions. Intercontinental Exchange (ICE), the parent company, just got slapped with a $10 million "naughty fee" by the SEC for keeping shtum about a cyber oopsie. It's like catching your broker using a carrier pigeon in the age of high-frequency trading!Already a member? Log in here