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US SEC Announces Cyber Breach of EDGAR Reporting System

By Rajesh De, Jeffrey P. Taft, Marcus A. Christian & Matthew Bisanz on September 26, 2017
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On September 20, 2017, the US Securities and Exchange Commission (“SEC” or “Commission”) announced that its online database for receiving, storing, and publishing corporate securities filings, known as the Electronic Data Gathering, Analysis, and Retrieval system or “EDGAR,” had been compromised in 2016 by hackers who may have traded on material nonpublic information obtained through the cyber attack.

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Rajesh De

Raj De serves on Mayer Brown’s global Management Committee. He was previously the Managing Partner of Mayer Brown’s Washington DC office, which is comprised of more than two hundred lawyers. He leads the firm’s global Cybersecurity & Data Privacy practice, as well as…

Raj De serves on Mayer Brown’s global Management Committee. He was previously the Managing Partner of Mayer Brown’s Washington DC office, which is comprised of more than two hundred lawyers. He leads the firm’s global Cybersecurity & Data Privacy practice, as well as the firm’s National Security practice, and serves as a member of the firm’s Congressional Investigations & Crisis Management team. After nearly two decades in private practice and public service across all three branches of the United States government, Raj is one of the most trusted voices in Washington. He has held senior appointments in the White House, the Department of Justice (DOJ) and the Department of Defense (DOD). Raj returned to Mayer Brown in 2015 after serving as General Counsel at the United States National Security Agency (NSA). Since returning to the firm, Raj has received numerous recognitions, including by American Lawyer (“Lateral All-Star”), Washingtonian magazine (“Top Lawyer”), The National Law Journal (“Cybersecurity and Data Privacy Trailblazer”), and Cybersecurity Docket (“Incident Response 30”).

Raj focuses his practice on cutting-edge legal and policy issues at the nexus of technology, national security, law enforcement and privacy. He advises clients, including management teams and boards of directors, in connection with crisis management, government and internal investigations, high-stakes litigation, regulatory enforcement matters, and congressional inquiries. Raj provides clients with strategic counseling and practical legal advice, drawing upon a wealth of experience in government service and private practice.

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Photo of Jeffrey P. Taft Jeffrey P. Taft

Jeffrey Taft is a partner in the Firm’s Financial Services Regulatory & Enforcement group and the Cybersecurity and Data Privacy practice. His practice focuses primarily on bank regulation, bank receivership and insolvency issues, payment systems, consumer financial services and cybersecurity/privacy issues. He has…

Jeffrey Taft is a partner in the Firm’s Financial Services Regulatory & Enforcement group and the Cybersecurity and Data Privacy practice. His practice focuses primarily on bank regulation, bank receivership and insolvency issues, payment systems, consumer financial services and cybersecurity/privacy issues. He has extensive experience counseling financial institutions, merchants, technology companies and other entities on various federal and state banking and consumer credit issues, including compliance with the Bank Holding Company Act, National Bank Act, International Banking Act, Consumer Financial Protection Act, Truth-in-Lending Act, the Fair Credit Reporting Act, the Electronic Fund Transfer Act, the Equal Credit Opportunity Act, the Fair Debt Collection Practices Act, the Real Estate Settlement Procedures Act, state unfair or deceptive acts or practices statutes, CFPB’s UDAAP authority and the development and implementation of privacy, cybersecurity and information security programs under the Gramm-Leach Bliley Act, the NYDFS cybersecurity regulation and industry standards, such as PCI DSS and NIST.

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Photo of Marcus A. Christian Marcus A. Christian

Marcus Christian is a co-leader of the Washington DC Litigation & Dispute Resolution practice and a partner in Mayer Brown’s Cybersecurity & Data Privacy practice and White Collar Defense & Compliance group. Since joining Mayer Brown in 2013, Marcus has represented clients in…

Marcus Christian is a co-leader of the Washington DC Litigation & Dispute Resolution practice and a partner in Mayer Brown’s Cybersecurity & Data Privacy practice and White Collar Defense & Compliance group. Since joining Mayer Brown in 2013, Marcus has represented clients in matters involving data security planning, board governance of cybersecurity, cyber fraud, data breach response, and congressional investigations, among others.

Marcus is a recognized leader in cybersecurity. He has been named to Cybersecurity Docket’s “Incident Response 30,” recognizing 30 of the “best and brightest data breach response lawyers in the business” three times. The publication also noted that those recognized “have established themselves as the ‘first call’ for companies hit with a cyber attack or other data security incident.” Marcus was also named to the Washingtonian’s Top Lawyer list in 2018 and 2019.

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  • Posted in:
    Banking, Finance and Securities, Privacy and Cybersecurity
  • Blog:
    Inside Cybersecurity & Privacy Law
  • Organization:
    Mayer Brown

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