May 22 (Reuters) - Intercontinental Exchange Inc ( ICE )

will pay a $10 million penalty to settle charges its

subsidiaries failed to immediately alert the Securities and

Exchange Commission of a cyber intrusion incident, the SEC said

on Wednesday.

In a statement, the SEC said that in April 2021, ICE

discovered someone had installed a malicious code into a VPN

device used to remotely access the corporate network.

But ICE personnel did not notify subsidiaries for several

days. This meant the subsidiaries violated rules stating the SEC

must be informed immediately about a cyber intrusion.