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U.S. Financial System Threatened by Hackers

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WASHINGTON D.C. (Worthy News)-- Four years ago, NASDAQ servers were compromised by Russian hackers that has Wall Street is becoming increasing concerned about the safety of their data, and the fear that one well-executed cyber attack could bring down the entire financial system.

Four years ago, a Russian cyber hack on Nasdaq proved just how vulnerable Wall Street is.

Bloomberg Businessweek dove into the details in its cover story, "The Nasdaq Hack." According to the magazine, it all started in October 2010, with the discovery of malware in NASDAQ's central servers. Most alarming, the malware was an attack code, a military strike, from another country.

The National Cybersecurity and Communications Integration Center launched a five-month investigation, of which many details are still classified. In the following investigation, the NSA recognized the malware from a previous version, built by Russia's main spy agency. However, this time it was much more dangerous – it had the ability to disrupt the entire network, potentially to wipe out Nasdaq altogether. -- Source

Related News on the Internet

How Russian Hackers Stole the Nasdaq - Bloomberg
In October 2010, a Federal Bureau of Investigation system monitoring U.S. Internet traffic picked up an alert. The signal was coming from Nasdaq (NDAQ). It looked like malware had snuck into the company's central servers. There were indications that the intruder was not a kid somewhere, but the intelligence agency of another country. More troubling still: When the U.S. experts got a better look at the malware, they realized it was attack code, designed to cause damage.

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