Hackers Find New Way To Cheat On Wall Street

GMGruman writes "The high-speed trading exchanges that conduct the business of buying and selling stocks and mutual funds are so fast that hackers can introduce delays of a few microseconds completely unnoticed by today's network monitoring technology — and manipulate prices in the process to reap millions of dollars to the detriment of everyone else, InfoWorld's Bill Snyder reports. This kind of activity creates new reason to distrust Wall Street and shows how the computer networks we all rely on for conducting business and moving information are ripe for undetectable hacking."

Comments

OK

[afidel]

So they are going to steal from the HFT's that are already performing a salami attack on the broader market, I'm not sure I see a problem here....

Re:Move to quantified data

[kevinmenzel]

AGH! You'll ruin the foundation of capitalism! Down with your regulations, you dirty commie!

Get off my lawn!

[antifoidulus]

Back in my day Wall Streeters got money the old fashioned way, they bribed politicians to funnel taxpayer money into the firms while simultaneously getting the politicians to look the other way when banks committed crimes....whats that you say? They are still doing that? Well I guess somethings never change.

Now get off my lawn.....Whats that you say? The bank has illegally foreclosed on my property despite not actually being in debt to them and it's legally THEIR lawn now, and I'M the one that has to get off of it? Well, it's a good thing I have support from my local polit....ah fuck it.

Re:Good grief...

[TheRaven64]

The summary said:

InfoWorld

You said:

That's not a news article, it's an advertisement

Your post therefore deserves -1, Redundant.