Thursday, February 10, 2011

Repeated Hacking Attempts Alarm NASDAQ Authorities

Repeated Hacking Attempts Alarm NASDAQ AuthoritiesA number of attempts were made to hack the computer networks of Nasdaq Stock Market during last year. Federal investigators are still trying to identify the persons responsible for this offence and they are still not sure about their purpose behind doing this.
Though it was a relief that the main trading platform was not compromised in any way but the situation is still doubtful about which other parts of Nasdaq's computer network were accessed.
Investigators are anticipating different possible motives and intentions behind it but it cannot be anything other than unlawful financial gain, theft of trade secrets and a national-security threat designed to damage the exchange.
This incident came out alarming the officials as it plays an important role including power companies and air-traffic-control operations. The authorities are not taking it lightly because they can well remember the case in which hackers planted potentially disruptive software programs in the U. S. electrical grid.

Tom Kellermann, a former computer security official at the World Bank, believes that most of the hackers across the globe are targeting financial institutions, particularly those involved in trading.
Adding to it he said, “Many sophisticated hackers don't immediately try to monetize the situation; they oftentimes do what's called local information gathering, almost like collecting intelligence, to ascertain what would be the best way in the long term to monetize their presence”.

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