The company also warned that the SEC has made a preliminary decision to take action against the company over the breach.

This is the second time the tech giant has settled with the regulator in connection with the creation of slush funds.

According to the regulator the matter relates to the company’s results disclosures during fiscal years 2019 and 2020.

The new award expands the technology company’s existing IT support remit for the records system.

The technologist moves to the agency after recently serving as chief enterprise architect at the U.S. Small Business Administration.

Only three agencies have reported breaches, but 32 are known to have used the software at some point since 2006. And contract records aren't the most accurate.

The incoming CIO previously held the role at the Office of Intelligence and Analysis within the Department of Homeland Security.

The House Financial Services Committee's leadership is pushing legislation to standardize data at eight agencies, paving the way for RegTech and AI apps.

"There may be additional opportunities in the near future for joining the One OIT program via the 'on-ramping' process," the SEC said.

Dyson oversaw modernization initiatives including moving the SEC to the cloud, leveraging new cybersecurity solutions and transforming the EDGAR system.