Monday, July 21, 2014

Wall Street hacked?

Russian hackers snuck a digital "bomb" or cyber grenade with the capacity of spying, stealing, and destroying info, which never actually "detonated," into Nasdaq in 2010.  Wall Street insists its system is safe because there is no evidence that info was stolen or destroyed. I think the fact that hackers got into the system undetected with "custom-made malware" means Wall Street has a security problem. The plan was apparently to "sabotage the stock market's computers and wreak havoc on the U.S. economy." How many people or organizations have the capacity to create such malware and pull off such an attack? It doesn't sound like they bought it on the internet or were doing it for fun. So this is sophisticated criminal computer fraud, which is very difficult for the authorities to track. Apparently it is harder to track that drug transactions. The FBI is investigating. Read more about it here http://money.cnn.com/2014/07/17/technology/security/nasdaq-hack/index.html

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