Federal Investigation Revelas Nasdaq OMX Computers Were Hacked Last Year, Stock Exchange Unaffected
By on February 5th, 2011

Nasdaq OMX, the company that manages a number of stock exchanges including the US Nasdaq and others in Copenhagen, Stockholm, Helsinki, and the Baltic region underwent a number of hack attempts over the last year. However, the stock exchange servers were safe from the attack and were not compromised.

nasdaq

Federal authorities are investigating the matter, which has been revealed a bit late. One of the sources on this matter was spotted saying,

So far, [the perpetrators] appear to have just been looking around.

Last year, spikes were seen in the stock price activities of companies, twice with a gap of 4 months in between. This was quite alarming and it has been a major cause behind the ongoing investigation. However, the cause for this matter seems to be erroneous handling and not hacking.

The incident can be seen in two ways. Either, Nasdaq OMX computers were compromised or, the attackers were targeting the stock exchange. Either way, a thorough check of both the company and the exchange networks are necessary before jumping into conclusions. The recent Stuxnet worm has proven beyond doubt that these hacks have reached an uber level of sophistication and we cannot assume any security with current measures.

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Author: Chinmoy Kanjilal Google Profile for Chinmoy Kanjilal
Chinmoy Kanjilal is a FOSS enthusiast and evangelist. He is passionate about Android. Security exploits turn him on and he loves to tinker with computer networks. He rants occasionally at Techarraz.com. You can connect with him on Twitter @ckandroid.

Chinmoy Kanjilal has written and can be contacted at chinmoy@techie-buzz.com.

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