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How the SEC almost shut down Wall Street

“Here’s a fun fact: Hackers, just like bankers, real estate agents and collectors of Star Trek memorabilia, attend conferences. Even better: they play games at the conferences,” Adam Levin reports for ABC News.

“One of the games they play has attendees aggressively competing to access any device in the hall, thereby demonstrating prowess in obtaining sensitive information. The goal is to exploit any vulnerability, or crack that which is perceived to be impenetrable, and share details for both educational purposes and bragging rights,” Levin reports. “This is the kind of thing you’d expect at a Black Hat hacker conference and why people with sensitive information on computers probably shouldn’t bring them to the party. Especially employees of the Securities and Exchange Commission Trading and Markets division. And they really shouldn’t have brought their computers with them. Except they did. Yes. This really happened.”

Levin reports, “Computers owned by the Securities and Exchange Commission Trading and Markets division were brought by SEC staffers to a hacker convention. They contained unencrypted, step-by-step instructions to shut down our financial trading system. Essentially: A Hacker’s Guide to our Financial Universe.”

Read more in the full article here.

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