SEC Fines NYSE Owner $10 Million for Not Quickly Reporting Hack

Intercontinental Exchange, Inc., which owns the New York Stock Exchange, agreed to pay $10 million to settle Securities and Exchange Commission allegations that the exchange giant failed to immediately tell the SEC about a hack of its systems in 2021.

The SEC said that in April 2021 ICE learned that its virtual private network had been hacked by a “threat actor.” ICE did not alert the legal and compliance staff at its subsidiaries, which include many of the world’s largest trading platforms, for several days, according to the SEC. The agency’s rules require ICE to immediately tell SEC staff about such incidents.