US government agency causes cybersecurity risk at NYSE

Need a reason why the US government has no business telling others how to do cybersecurity? Read the story at the link below to see how the US government SEC created a huge problem for NYSE Euronext--

NYSE hires former Homeland Security chief - Chicago Tribune: "NYSE Euronext hired former Homeland Security Secretary Michael Chertoff to make sure sensitive exchange data were not breached after U.S. securities regulators left their computers unencrypted, according to a person familiar with the matter. The computers, iPads, and other Apple devices belonged to employees in an office within the Securities and Exchange Commission's Trading and Markets Division that is responsible for making sure exchanges protect themselves from cyber threats. . . . The NYSE, however, has reason to believe other unsecured devices contained exchange data are only now being reviewed, well after the outside forensics firm Stroz Friedberg completed its independent analysis, the person familiar with the matter said. The inspector general's report states that while there were 28 laptops in question, the outside firm conducted forensic testing on "several select laptops" to determine if a breach occurred. The NYSE is concerned the review was not broad enough and did not cover all of the affected devices, the person said. It has been promised, but still has not seen, a copy of Stroz Friedberg's report, according to the source. A representative of Stroz Friedberg was not immediately available for comment. Moreover, this person said, the exchange operator is upset that the SEC knew about this problem for months, but only told the exchange in early October."

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