NYSE parent gets $10M wrist tap for failing to report 2021 systems break-in

The New York Stock Exchange's parent company has just been hit with a $10 million fine for failing to properly inform the Securities and Exchange Commission (SEC) of a 2021 cyber intrusion.  In an order published today, the SEC said that Intercontinental Exchange (ICE) will pay the penalty to settle charges it caused nine …

[Doctor Syntax]

If there's no admission of guilt make it a full year's turnover or a trip to court to take their chance there.

[druck]

I'd add to that they also need to provide a credible mitigation plan and have a couple years of monitoring to ensure it has been fully implemented, to avoid the penalty.

[Tubz]

$10m fine, NYSE too big to give a flying fig and just laughs off the SEC. Sadly thats the problem in the US companies, when a company gets big enough and too politically connected, not to care what the regulator does, they count any fines as an expense of doing business.