The SEC is looking for $45 million to improve its cybersecurity and better detect suspicious trading as part of a technology modernization effort, according to the agency’s fiscal 2019 budget request to Congress.
The request was part of a $1.658 billion funding proposal the Securities and Exchange Commission released Feb. 12. The new technology money would help the agency enhance the security of its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) corporate filings database; better monitor high-frequency trading; and take on other tech modernization priorities, according to the commission.
The agency disclosed last year hackers breached the ...
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