U.S. Warns of Possible Cyber Biz Attack

mikesd81 writes "The AP has an article about a possible attack against the New York Stock Exchange via the internet by a radical muslim group. The notice was issued to the U.S. cybersecurity industry after officials saw a posting on a 'Jihadist Web site' calling for an attack on U.S. Internet-based stock market and banking sites in December, said Homeland Security Department spokesman Russ Knocke. Knocke has said: 'There is no information corroborating the threat and that the alert was issued as a routine matter and out of an abundance of caution.' There is no immediate threat to our homeland at this time. The attacks were to be conducted in December, 'until the infidel new year,' the site said, according to a U.S. government translation. It called for attackers to use viruses that can penetrate Internet sites and destroy data stored there. Spokespeople for the New York Stock Exchange and Nasdaq declined to comment on the cyber-terror threat."

Comments

Not gonna happen

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This is a very funny attack. All of the important network connections, those that allow the NYSE and other exchanges to operate, and connections between them and brokers are not on the Internet. There are connections from the NYSE to the Internet, but they are not needed for trading (it's for when the traders are bored, they can look at porn). This group would definitely need somebody working on the inside to do any real damage.

The best these groups could do are take down the websites of discount brokerages (E*Trade, Ameritrade, etc.), but that won't have one bit of impact on the financial markets. Even if those websites go down, the brokerages will still have their direct connections to the exchanges, so if you can call your broker, you'll still get your trade through.

I wish them the best of luck, because their attack is an exercise in futility.