“NASDAQ is owned.” Five men charged in largest financial hack ever
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Re: “NASDAQ is owned.” Five men charged in largest financial hack ever
#2I've seen this story (NASDAQ being hacked) reported in a couple of places, but it isn't clear to me what damage was done. It's not really possible for them to have messed with the actual trading without anyone noticing. Everyone connecting to an exchange is reconciling the orders they send in against the trade confirmations they receive. You basically design your technology assuming the exchange is going to fuck something up eventually. I'd really like to hear more details about what was going on here.
Re: “NASDAQ is owned.” Five men charged in largest financial hack ever
#3I've seen this story (NASDAQ being hacked) reported in a couple of places, but it isn't clear to me what damage was done. It's not really possible for them to have messed with the actual trading without anyone noticing. Everyone connecting to an exchange is reconciling the orders they send in against the trade confirmations they receive. You basically design your technology assuming the exchange is going to fuck some…
From the linked US DOJ press release:
>It is not alleged that the NASDAQ hack affected its trading platform.
Re: “NASDAQ is owned.” Five men charged in largest financial hack ever
#4Was most of this done by SQL injection?
Re: “NASDAQ is owned.” Five men charged in largest financial hack ever
#5> SQL-injection
> NASDAQ
Re: “NASDAQ is owned.” Five men charged in largest financial hack ever
#6Their actions might have been illegal but they for sure are good at breaking things and their skills should be used instead of throwing them in jail for 20 years. Counsel them and give them a change to reform themselves.
Re: “NASDAQ is owned.” Five men charged in largest financial hack ever
#7You would think that a way to stop these kinds of attacks for pennies on the dollar would be to have the security companies, banks, retail stores and others involved on the receiving side of these attacks fund hackathons or startup accelerators in every country, like a startup weekend, to give these "kids" a chance at legal startups and to get paid for finding bugs.
Re: “NASDAQ is owned.” Five men charged in largest financial hack ever
#8Was most of this done by SQL injection?
Looks like they used SQL injection to get passwords and then used those passwords to access the servers.
Re: “NASDAQ is owned.” Five men charged in largest financial hack ever
#9You would think that a way to stop these kinds of attacks for pennies on the dollar would be to have the security companies, banks, retail stores and others involved on the receiving side of these attacks fund hackathons or startup accelerators in every country, like a startup weekend, to give these "kids" a chance at legal startups and to get paid for finding bugs.
We spend how many hundreds of billions on the NSA so they can slurp all the worlds data? Why not force them to secure all networks?
Re: “NASDAQ is owned.” Five men charged in largest financial hack ever
#10I honestly believe eastern Europe and possibly Israel are years ahead of the United States when it comes to the Internet - not with regard to adaptivity, but with regard to raw hacking ability.
I have yet to understand why and I only have anecdotal evidence (including living in Ukraine), but there's something to those places that make them breed hackers.