Attention

The opinions expressed by columnists are their own and do not represent our advertisers

Wednesday, June 12, 2013

Spying Update

Update 1: Prominent Liberals AND Conservatives Sue Over NSA Spying

Update 2: Spying Whistleblower’s Girlfriend Is Hot

Government Spying on Americans … and then Giving Info to Giant Corporations

You’ve heard that the government spies on all Americans.

But you might not know that the government shares some of that information with big corporations.

In addition, Reuters reported in 2011 that the NSA shares intelligence with Wall Street banks in the name of “battling hackers.”
The National Security Agency, a secretive arm of the U.S. military, has begun providing Wall Street banks with intelligence on foreign hackers, a sign of growing U.S. fears of financial sabotage.The assistance from the agency that conducts electronic spying overseas is part of an effort by American banks and other financial firms to get help from the U.S. military and private defense contractors to fend off cyber attacks, according to interviews with U.S. officials, security experts and defense industry executives.

The Federal Bureau of Investigation has also warned banks of particular threats amid concerns that hackers could potentially exploit security vulnerabilities to wreak havoc across global markets and cause economic mayhem.

***

NSA Director Keith Alexander, who runs the U.S. military’s cyber operations, told Reuters the agency is currently talking to financial firms about sharing electronic information on malicious software, possibly by expanding a pilot program through which it offers similar data to the defense industry.

***

NSA, which has long been charged with protecting classified government networks from attack, is already working with Nasdaq to beef up its defenses after hackers infiltrated its computer systems last year and installed malicious software that allowed them to spy on the directors of publicly held companies.

***

The NSA’s work with Wall Street marks a milestone in the agency’s efforts to make its cyber intelligence available more broadly to the private sector.

***

Greater cooperation with industry became possible after a deal reached a year ago between the Pentagon and the Department of Homeland Security, allowing NSA to provide cyber expertise to other government agencies and certain private companies.

More

No comments: