It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
The threat posed by cyber war to our increasingly complicated, technologically dependent and vulnerable financial institutions, markets, banks and indeed deposits becomes more clear by the day.
In July of last year Bloomberg reported that malware had been detected in the system of the Nasdaq exchange. It’s purpose was unclear but it was believed to have been embedded there by Russian hackers.
There is also the alleged hacking of Sony Pictures by North Korea and the alleged hacking of Facebook, Instagram and Tinder yesterday.
The alleged busting of a Russian spy-ring in New York on Monday, for gathering intelligence that could be used for “destabilisation of the markets” highlights yet again that the threat posed by cyber-warfare is a growing one.
Yesterday morning social networks Facebook and Instagram were allegedly hacked by ‘Lizard Squad’, a group of hackers apparently sympathetic to ISIS. The group have previously hacked Malaysian Airlines.
The first high-profile case of nation-states using cyber-warfare was the unleashing of the “stuxnet worm” – apparently created by Israel and the US – on Iran’s nuclear energy enrichment plant in Netanz in 2010. It almost caused a major environmental catastrophe.
In 2012, Iran devastated the computer network of Saudi Aramco in a similar attack.
Banks have been hacked, stock exchanges have been hacked and critical infrastructure have been hacked in recent years. It is likely that many of these small scale attacks have been merely testing of defenses.