Wednesday, July 8, 2015

HACKERS HINTED AT STOCK MARKET TURMOIL HOURS BEFORE WALL STREET SHUTDOWN

New York Stock Exchange claims issue is "not the result of a cyber breach"
Hackers Hinted at Stock Market Turmoil Hours Before Wall Street Shutdown

The hacktivist group Anonymous hinted at possible issues on Wall Street Tuesday evening nearly 12 hours before an alleged glitch halted trading on the New York Stock Exchange.
After trading unexpectedly stopped at around 11:30 a.m. this morning, officials with the New York Stock Exchange were quick to blame an “internal technical issue” for the outage, denying any possibility of an attack by hackers.
Many were immediately skeptical of the claim in light of several other issues including the temporary shutdown of United Airlines as well as the website for The Wall Street Journal.
Prominent members of the financial community also noted their skepticism, with Gerber Kawasaki Wealth & Investment Management CEO Ross Gerber stating that he believed the issue to be hacking-related.
“This is probably hacking,” Gerber said on Twitter, noting the issues at United Airlines as well.

Casey Fleming, CEO of BlackOps Partners Corporation, also stated it was too soon to rule out a cyber attack– pointing at a possible nation-state actor.
“I would say there is a high probability that adversarial nation-states are behind it,” Fleming said.
Some have speculated that Anonymous was merely noting the likely effect Chinese stocks would have on Wall Street, which began falling unexpectedly Tuesday evening.
Given the occurrence of multiple shutdowns in such a short period, people will likely remain skeptical regardless of reassurances by Wall Street and the federal government.

No comments:

Post a Comment