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Thursday, October 27, 2011
NSA Shares Secrets With Wall Street
The National Security Agency is sharing some of its secrets with Wall Street banks. Financial firms are getting the help from the military and private defense contractors to fend off cyber attacks, Reuters reports. The concern is that hackers could exploit security holes and cause economic mayhem. A worst case scenario? Hackers could disable trading systems, trigger flash crashes, or turn off all ATMs. It isn't clear if hackers have ever come close to causing such trouble, but in an exclusive interview with Reuters, NSA Director Keith Alexander says his agency is currently talking to financial firms about sharing electronic information on malicious software. (Reuters)
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2 comments:
More likely the Federal REserve will trigger flash crashes and blame it on hackers.
I've worked there and with them a very long time. People who share secrets go to jail. People who share technology and information prosper. It's natural.
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