Senator Shelby seeks hearing on SEC’s cybersecurity lapse

Senator Richard Shelby (R-AL) speaks at the Reuters Washington SummitWASHINGTON (Reuters) – A leading Senate Republican is seeking a hearing to explore the U.S. Securities and Exchange Commission's failure to encrypt some computers containing highly sensitive stock exchange data. Staff for Senator Richard Shelby this week told Senate Banking Chairman Tim Johnson's staff that they believe a hearing is in order, after they were briefed by SEC officials about the security lapse, a senior Senate Republican aide told Reuters. The security lapses were detailed in a non-public August 30 report by Interim Inspector General Jon Rymer that has been reviewed by Reuters. …

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