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. The hackers allegedly sent phishing emails to SEC employees to gain access to the agency’s network and then infected some of its computers with a malicious program that automatically extracts documents. In one example, the defendants extracted a report 8 minutes after it appeared in SEC servers but before it was made public which was then used to ultimately made illegal profits of approximately $307,000 by short-selling trades.
Source: https://thehackernews.com/2019/01/sec-trading-edgar-hacking.html