Nasdaq Hacking Could Portend Far Worse

Another sign the age of electronic warfare has arrived: hackers breaking into Nasdaq. The stock exchange acknowledged to the Wall Street Journal that hackers had repeatedly breached its network over the last year — inserting malware into  a part of its network called Directors Desk, a service designed to allow company boards to communicate by securely storing and sharing documents.

The scary thing is no one knows yet who these alleged hackers are. They could be kids, criminals or a government. WikiLeaks is just the tip of the iceberg. What about the “flash trading” crash of last May that caused the Dow Jones Industrial Average  to drop 400 points in a matter of minutes? Can you imagine what a hostile government or even a company sacked by analysts — might do?

WSJ: http://on.wsj.com/gFJ555

About Michael Stroud

Articles Here’s a brief selection of articles I’ve written recently: NexTech blog: http://www.nextechforum.com TheWrap.com columns: http://bit.ly/lFL9Sq Variety: http://bit.ly/iXulHF Hollywood Reporter: http://bit.ly/mkekMH DigiDay: http://www.digidaydaily.com/stories/movie-marketing-2-0/ http://www.digidaydaily.com/stories/should-publishers-still-fear-apple/ http://www.digidaydaily.com/stories/hearst-s-big-bet-on-apps/ ..more to come as I put finishing touches on this site!
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