Nasdaq hackers target service for corporate boards (AP)

Saturday, February 5, 2011 5:01 PM By dwi

NEW YORK – Hackers poor into a Nasdaq assist that handles confidential subject for whatever 300 corporations, the consort said Saturday — the latest vulnerability unclothed in the machine systems Wall Street depends on.

The intrusions did not change Nasdaq's stock trading systems and no customer accumulation was compromised, Nasdaq OMX Group Inc. said. Nasdaq is the largest electronic securities trading mart in the U.S., with more than 2,800 traded companies.

A federal authorised told The Associated Press that the hackers poor into the assist repeatedly over more than a year. Investigators are trying to refer the hackers, the authorised said. The causative is unknown. The authorised crosspiece on aggregation of obscurity because the inquiry by the FBI and Secret Service is continuing.

The targeted service, Directors Desk, helps companies share documents with directors between scheduled commission meetings. It also allows online discussions and Web conferencing within a board. Since commission directors hit admittance to aggregation at the highest take of a company, penetrating the assist could be of enthusiastic continuance for insider trading.

Nasdaq OMX spokesman Frank DeMaria said the Justice Department had requested that the consort ready unhearable about the intrusion until at small Feb. 14. However, The Wall Street Journal reportable the enquiry on its website New Friday, suasion Nasdaq to issue a evidence and inform its customers.

DeMaria said Nasdaq OMX detected "suspicious files" during a regular section scan on U.S. servers unconnected to its trading systems and determined that Directors Desk was potentially affected. It pulled in forensic firms and federal law enforcement for an investigation. They institute no grounds that customer aggregation was accessed by hackers.

Rich Mogull, an shrink and CEO with the section research concern Securosis, said Web-accessible services same Directors Desk are a prime direct for hackers, and hit sometimes been a backwards door for systems that aren't direct connected to the Web. The presence of files on the Directors Desk system and the verify that no customer aggregation was compromised could inform that hackers were healthy to intend in but not rank their attack, he said.

Computer section experts hit daylong warned that whatever companies aren't doing enough to protect sensitive data, and recent events hit underlined the point. The secret-spilling methodicalness WikiLeaks has publicised confidential documents from banks in Schweiz and Iceland and claims to hit incriminating documents from a field U.S. bank, mayhap Bank of America.

In 1999, hackers infiltrated the websites of Nasdaq and the dweller Stock Exchange leaving taunting messages, but Nasdaq officials said then that there was no grounds the break-ins strained business data.

Nasdaq OMX CEO Bob Greifeld said in a evidence that cyber attacks against corporations and polity are constant and the consort is alert in maintaining security.

"We move to appraise and enhance our advanced section controls to move to the ever increasing global cyber danger and move to devote extensive resources to boost bonded our systems," he said.

Some of the Wall Street's subject scares hit been unconnected to hackers. In June 2009, a machine flaw knocked out trading in 242 stocks on the New royalty Stock Exchange for individual hours.

More recently, high-speed trading code precipitated a "flash crash" on May 6. One change worth $4.1 1000000000 touched off a concern of events that ended with 30 stocks traded in the S&P 500 finger falling at small 10 percent within fivesome minutes. The drop shortly wiped out $1 1E+12 in mart continuance as whatever stocks traded as low as a penny.

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Associated Press Writer Pete Yost contributed from Washington.


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