The Hacker News - Cybersecurity News and Analysis: corporate espionage

It was not just Yahoo among "Fortune 500" companies who tried to keep a major data breach incident secret. Reportedly, Microsoft had also suffered a data breach four and a half years ago (in 2013), when a " highly sophisticated hacking group " breached its bug-reporting and patch-tracking database, but the hack was never made public until today. According to five former employees of the company, interviewed separately by Reuters , revealed that the breached database had been " poorly protected with access possible via little more than a password. " This incident is believed to be the second known breach of such a corporate database after a critical zero-day vulnerability was discovered in Mozilla's Bugzilla bug-tracking software in 2014. As its name suggests, the bug-reporting and patch-tracking database for Windows contained information on critical and unpatched vulnerabilities in some of the most widely used software in the world, includ

This month has been full of breaches. Now, the Securities and Exchange Commission (SEC), the top U.S. markets regulator, has disclosed that hackers managed to hack into its financial document filing system and may have illegally profited from the stolen information. On Wednesday, the SEC announced that its officials learnt last month that a previously detected 2016 cyber attack, which exploited a "software vulnerability" in the online EDGAR public-company filing system, may have "provided the basis for illicit gain through trading." EDGAR , short for Electronic Data Gathering, Analysis, and Retrieval, is an online filing system where companies submit their financial filings, which processes around 1.7 million electronic filings a year. The database lists millions of filings on corporate disclosures—ranging from quarterly earnings to sensitive and confidential information on mergers and acquisitions, which could be used for insider-trading or manipulating