Russian hackers infiltrated Nasdaq stock exchange – report

“In October 2010, a Federal Bureau of Investigation system monitoring U.S. Internet traffic picked up an alert,” Michael Riley reports for Businessweek. “The signal was coming from Nasdaq. 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.”

“The October alert prompted the involvement of the National Security Agency, and just into 2011, the NSA concluded there was a significant danger,” Riley reports. “Thus began a frenzied five-month investigation that would test the cyber-response capabilities of the U.S. and directly involve the president. Intelligence and law enforcement agencies, under pressure to decipher a complex hack, struggled to provide an even moderately clear picture to policymakers. After months of work, there were still basic disagreements in different parts of government over who was behind the incident and why. ‘We’ve seen a nation-state gain access to at least one of our stock exchanges, I’ll put it that way, and it’s not crystal clear what their final objective is,’ says House Intelligence Committee Chairman Mike Rogers, a Republican from Michigan, who agreed to talk about the incident only in general terms because the details remain classified. ‘The bad news of that equation is, I’m not sure you will really know until that final trigger is pulled. And you never want to get to that.'”

“In early January, the NSA presented its conclusions to top national security officials: Elite Russian hackers had breached the stock exchange and inserted a digital bomb. The best case was that the hackers had packed their malware with a destruction module in case they were detected and needed to create havoc in Nasdaq computer banks to throw off their pursuers,” Riley reports. “The worst case was that creating havoc was their intention. ”

Tons more in the full article here.

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7 Comments

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