Security News > 2011 > February > The Nasdaq Hacking Case Raises Big Red Flags for Exchanges
http://www.dailyfinance.com/story/investing/the-nasdaq-hacking-case-raises-big-red-flags-for-exchanges/19830853/ By ALEX SALKEVER Daily Finance 02/06/11 Revelations over the past few days that hackers had penetrated certain systems at the Nasdaq stock exchange are reverberating throughout the financial world. Indeed, the case is shaking some bedrock assumptions of a digitized, high-speed, globally connected stock market run essentially by computers with minimal human interaction. Nasdaq officials say the computer systems that actually execute buy and sell orders for the Nasdaq OMX Group (NDAQ) were not compromised. Instead, they say the hacking allegedly affected Nasdaq's Directors Desk service, a subsidiary that offers Web-based tools to make it easier for boards of directors to prepare for, participate in and follow up on board meetings. Part of the service includes document-sharing tools for things like preliminary drafts of earnings reports and other key data and documents. Directors Desk's roughly 10,000 clients include a Who's Who of top publicly traded companies. The concern is that enterprising hackers could have gleaned key details from board meetings if they gained full access to the service, allowing them to possibly trade on nonpublic material information. On the Directors Desk website Nasdaq says the service offers "The highest level of security available to protect confidential board communications." [...] ___________________________________________________________ Tegatai Managed Colocation: Four Provider Blended Tier-1 Bandwidth, Fortinet Universal Threat Management, Natural Disaster Avoidance, Always-On Power Delivery Network, Cisco Switches, SAS 70 Type II Datacenter. Find peace of mind, Defend your Critical Infrastructure. http://www.tegataiphoenix.com/