Unlike some academic studies which deal only with publicly available information, Pragma used a private data set from its customers, who represent about two percent of total market volume on a daily basis, which showed who was placing the orders.

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By default, S3 accounts are set to private, which means these stores of potentially sensitive data had to be flipped to public manually -- most likely by accident.

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It is possible malicious hackers can intercept this data unless you set up a security such as a remote access virtual private network (VPN).

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