NASDAQ Hacked -- and So What?

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posted on Feb, 7 2011 @ 01:31 PM
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NASDAQ Hacked -- and So What?

Revelations over the past few days that hackers had penetrated certain systems at the Nasdaq stock exchange are reverberating throughout the financial world. Indeed, the case is shaking some bedrock assumptions of a digitized, high-speed, globally connected stock market run essentially by computers with minimal human interaction.



Wow... is somebody jealous of Assange? There could be some great gems of betrayal gleaned off of these events. People are worried about the functional integrity of the system... but why aren't they freaking out about the dirt that's gonna be dug up on executives? These aren't just dummy terminals; some of these are used to send confidential documents back and forth.




posted on Feb, 7 2011 @ 01:52 PM
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reply to post by Cuervo
 


Hackers are common criminals. They cost consumers and businesses many billions a year. I personally support at least 20 year minimum sentences for those who invade others privacy, no matter their invented reason or logic.

There is a huge difference between this and a Whistle-Blower. That's why Assange alienated so many former supporters when he went from helping Whistle-Blower's to being a Media Whore and dealing in stolen information; even putting others lives at risk.

In the case of the NASDAQ, great harm could be done to innocent people who's savings and pensions are wrapped up in investments. Nothing cool or good in that in any way. Just cheap thugs, doing what cheap thugs do. Those who support Hackers are the same.



posted on Feb, 7 2011 @ 02:03 PM
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Originally posted by Blaine91555
reply to post by Cuervo
 


Hackers are common criminals. They cost consumers and businesses many billions a year. I personally support at least 20 year minimum sentences for those who invade others privacy, no matter their invented reason or logic.

There is a huge difference between this and a Whistle-Blower. That's why Assange alienated so many former supporters when he went from helping Whistle-Blower's to being a Media Whore and dealing in stolen information; even putting others lives at risk.

In the case of the NASDAQ, great harm could be done to innocent people who's savings and pensions are wrapped up in investments. Nothing cool or good in that in any way. Just cheap thugs, doing what cheap thugs do. Those who support Hackers are the same.


You bring to light something very interesting. The hacker image in pop culture no longer brings to mind cool kids in trench coats and skate boards running from people in suits (sorry, I never saw those movies so my description may be off). Instead, we are now trained to think of them as harmful to you when it's really them (Wall St) who are in danger. I rarely hear of anybody aside from mega-institutions getting attacked or harmed by "hackers".

We are tricked into thinking that "thieves" and "hackers" are one and the same. DDOS attacks, identity theft, CC theft? Those are not results of "hacking". You are not a hacker but you could still steal my ID, my CC, and ruin my website all from your house. That is not hacking; that's just being a dick who can use Google.

If you notice, the MMS are reporting the dangers of peoples' money and investments being threatened by this. It's distracting you from the very real danger of getting CEO's in the spotlight by finding proof of illegal deeds perpetrated by Wall St. over the last age or so. This isn't about stealing citizens' investments no matter how badly they want you to think that. Why do you think the wrote an article titled "NASDAQ Hacked -- and So What"?
edit on 7-2-2011 by Cuervo because: I'm a dumb ass.



posted on Feb, 7 2011 @ 02:17 PM
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Originally posted by Cuervo

Reply to Post by Cuervo


You bring to light something very interesting. The hacker image in pop culture no longer brings to mind cool kids in trench coats and skate boards running from people in suits (sorry, I never saw those movies so my description may be off). Instead, we are now trained to think of them as harmful to you when it's really them (Wall St) who are in danger. I rarely hear of anybody aside from mega-institutions getting attacked or harmed by "hackers".

We are tricked into thinking that "thieves" and "hackers" are one and the same. DDOS attacks, identity theft, CC theft? Those are not results of "hacking". You are not a hacker but you could still steal my ID, my CC, and ruin my website all from your house. That is not hacking; that's just being a dick who can use Google.

If you notice, the MMS are reporting the dangers of peoples' money and investments being threatened by this. It's distracting you from the very real danger of getting CEO's in the spotlight by finding proof of illegal deeds perpetrated by Wall St. over the last age or so. This isn't about stealing citizens' investments no matter how badly they want you to think that. Why do you think they wrote an article titled "NASDAQ Hacked -- and So What"?
edit on 7-2-2011 by Cuervo because: I'm a dumb ass.


Exactly...by doing it in this way, again the idea of the "Fear Factor" is brought into play. All done according to plan to divide the house and bring suspicion and make the public believe that everyone is a criminal. The idea that NASDAQ has been compromised in a way should be a warning to them that they better shape up, because they are no safer and will be exposed as any other criminal entity.

High tech whistle blowers are not criminals...and as I see it, that is what is going on here.



posted on Feb, 7 2011 @ 02:41 PM
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reply to post by Cuervo
 


Your rationalizing to justify a crime. Yes there are bad apples in business, but they are the exception, not the rule.

Your also forgetting that companies are the Stockholders and the Leaders are employees.

Now when a Hacker goes after anyone, they have no idea if that person or business is innocent. They are on a fishing trip. A criminal fishing trip. It's like fishing with dynamite just to see what comes floating up. You hurt all the fish.

It's not whether or not there are bad people involved in the business world as we know there are. It's a matter of Hacking affecting everyone. Just the cost of protecting against them, incurred by both good and bad companies, adds to the price of everything we buy as consumers. That is a simple fact.

What does the size of a company matter? Even if wrong doing is happening it's the individual engaging in the crimes, not the company and it's Stockholders at fault.

Besides, these so called Hackers are not out trying to save the world. That is fabricated myth they use as cover. They get off on the crime and sneaking around inside peoples private worlds. When the government invades their privacy they scream to high heaven, when they do it to others they are Hero's of some kind? No, they are just criminals acting like criminals act.

I have a tiny business, but it supports multiple families. One Hacker could cause me great harm by getting to my customer information. A number of small businesses here in Anchorage have been hit over the years by these Hackers and not because they were bad businesses.

The only option is to make this a crime that carries a heavy sentence to make it just not worth it to some kid trying to make a name for themselves in the Hacker world. The older folks are after Identities and that makes them even worse.

If they are trying to make a political statement by shutting the Market down for a few hours, well that is reaching the level where a life sentence should be in play.



posted on Feb, 7 2011 @ 02:47 PM
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reply to post by Holly N.R.A.
 


How do you know these are Whistle-Blowers and not just some Anarchists who hate all businesses? It seems to me we don't. Do you apply the law to one person and not the next depending on their ideologies? I shudder to think where that would lead. High Tech Lynch Mobs and Witch Hunts?



posted on Feb, 7 2011 @ 02:55 PM
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Originally posted by Blaine91555
reply to post by Holly N.R.A.
 


How do you know these are Whistle-Blowers and not just some Anarchists who hate all businesses? It seems to me we don't. Do you apply the law to one person and not the next depending on their ideologies? I shudder to think where that would lead. High Tech Lynch Mobs and Witch Hunts?



Yes, it's an assumption. Just like the assumption I made and the one you made. Perhaps that's where we are all going wrong here. We cannot assume that any tech crime is good or bad if we simply don't know.

Let me reword the entire dialog: We hope it is the work of whistle-blowers and you hope it is not the work of malicious cyber-criminals. I think we can all take both sides of that argument so... remove the assumptions and I think we are just on different parts of the same page.



posted on Feb, 7 2011 @ 07:58 PM
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Originally posted by Blaine91555
reply to post by Holly N.R.A.
 


How do you know these are Whistle-Blowers and not just some Anarchists who hate all businesses? It seems to me we don't. Do you apply the law to one person and not the next depending on their ideologies? I shudder to think where that would lead. High Tech Lynch Mobs and Witch Hunts?


How do you know these Whistle-Blowers are Anarchists?

You ask "Do you apply the law to one person and not the next depending on their ideologies?
A Witch Hunt is what you get when you treat everyone as a criminal with pre judgement. Think outside the box, man, and look at the track record.

If a business has nothing to hide and is on the up and up...betcha they won't be hacked. If they are hacked, then one could surmise they needed to be, or as you contended earlier the hacker is a turd. Could it be someone that hates all businesses? Yes, it could be...then again...quite possibly it isn't if the information gleaned is useful to the general public.



posted on Feb, 7 2011 @ 08:00 PM
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reply to post by Cuervo
 


hope they do a better job then Assange did
maybe even get the smoking gun before 'someone puushes the button.



posted on Feb, 7 2011 @ 08:16 PM
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Originally posted by Blaine91555


Hackers are common criminals. They cost consumers and businesses many billions a year. I personally support at least 20 year minimum sentences for those who invade others privacy, no matter their invented reason or logic.



Well yes and no - there are those that are just as you describe.

However, there are occasional glimpses of a higher order of hackers (for lack of a better way to put it). China has been long associated with state-sponsored hacking. The worm that did damage to Iran's nuke program is widely thought to be US / Israeli effort.

A few years ago the World Bank was hacked.

Nasdaq (along with World Bank) is a huge target. Huge targets can draw the top predators. Certainly there is money to be gained, but also the power influence the economy of the entire world. That type of power could be a tempting target for a country.



posted on Feb, 7 2011 @ 11:19 PM
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I think the biggest fear for the government on hacking the markets, is that someone will get the evidence that the markets are completely controlled now by the computers that are doing the trading.

Google the case of the government admitting that the markets are completely controlled by software now.

Very, very, VERY interesting.

Whatever happened to all that money of the stimulus and what is all the QE being used for and how is it getting into the economy?
edit on 7-2-2011 by saltheart foamfollower because: (no reason given)



posted on Feb, 8 2011 @ 08:11 AM
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reply to post by Cuervo
 


I dont think the Nasdaq computers contain the information you are referring to. It just rracks the stocks, prices, trends etc..



posted on Jan, 17 2013 @ 04:27 PM
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NASDAQ closed at exactly 3,136.00 and today is the 17th...
Who reads this stuff?





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