10:23 AM EDT, 05/22/2024 (MT Newswires) -- Intercontinental Exchange ( ICE ) will pay a $10 million penalty to settle charges of delayed reporting of a cyber-intrusion incident by its subsidiaries, including the New York Stock Exchange, the Securities and Exchange Commission said Wednesday.

The breach occurred in April 2021 when Intercontinental Exchange ( ICE ) discovered someone installed a malicious code into its virtual private network used to remotely access the company's corporate network, according to the SEC statement.

The SEC's order found that ICE personnel did not inform the legal and compliance officials at Intercontinental Exchange's ( ICE ) subsidiaries of the incident for several days. As a result, the subsidiaries failed to fulfill disclosure obligations under Regulation SCI, the SEC said.

Shares of Intercontinental Exchange ( ICE ) were down 0.1% in early Wednesday trading.

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