SEC Charges Intercontinental Exchange A $10M Penalty To Settle Charges That It Caused The Failure Of Nine Affiliates Including The New York Stock Exchange To Inform The Commission Of A Cyber Intrusion
Portfolio Pulse from Benzinga Newsdesk
The SEC has charged Intercontinental Exchange, Inc. (ICE) a $10 million penalty for failing to inform the Commission of a cyber intrusion affecting nine of its subsidiaries, including the New York Stock Exchange, in a timely manner.
May 22, 2024 | 1:07 pm
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Intercontinental Exchange, Inc. (ICE) has been fined $10 million by the SEC for failing to timely report a cyber intrusion affecting nine subsidiaries, including the New York Stock Exchange.
The $10 million penalty and the failure to comply with regulatory requirements could negatively impact investor confidence in ICE's management and cybersecurity practices, potentially leading to a short-term decline in stock price.
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