Two Hackers Charged with Hacking SEC System in Stock-Trading Scheme

The U.S. authorities have charged two Ukrainian hackers for hacking into the Securities and Exchange Commission’s EDGAR filing system and stealing sensitive market-moving reports of companies before their public release. EDGAR, or Electronic Data Gathering, Analysis, and Retrieval, is an online filing system wherein companies submit their financial filings. The system processes around 1.7 million…