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Lax security at Nasdaq let hackers in

posted onNovember 18, 2011
by l33tdawg

THE CYBER ATTACK on the Nasdaq OMX Group electronic stock exchange last year was caused by weak security that let the hackers right in.

A report at Reuters says that lax security practices opened up the door to hacking. However, while the US Federal Bureau of Investigation (FBI) is still making enquiries, sources have come forward with their view of what happened.

These sources, who did not want to be identified, are concerned that since the data is classified they might get in trouble for talking about it. Which, when you consider that the FBI is alreadly involved, is possibly reasonable. For now the FBI is contenting itself with looking at the Nasdaq Directors Desk software, which is where the breach occurred, and trying to work out how it happened.

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