Now I have no inside information, but I suspect it’s not a high school student. I have a hunch someone is making a bundle at the expense of ordinary investors. I wonder if a consultant might help. – carlos
Nasdaq hackers target service for corporate boards
February 6, 2011 By PETER SVENSSON , AP Technology Writer
The sign outside the NASDAQ Market site is seen in this Aug. 19, 2004 file photo taken in New York. The Wall Street Journal reported on its website late Friday Feb. 4, 2011 that federal investigators are trying to identify the hackers that penetrated the market’s computer network multiple times during the past year. (AP Photo/Kathy Willens, File)
(AP) — Hackers broke into a Nasdaq service that handles confidential communications for some 300 corporations, the company said Saturday – the latest vulnerability exposed in the computer systems Wall Street depends on.
The intrusions did not affect Nasdaq’s stock trading systems and no customer data was compromised, Nasdaq OMX Group Inc. said. Nasdaq is the largest electronic securities trading market in the U.S., with more than 2,800 listed companies.
A federal official told The Associated Press that the hackers broke into the service repeatedly over more than a year. Investigators are trying to identify the hackers, the official said. The motive is unknown. The official spoke on condition of anonymity because the inquiry by the FBI and Secret Service is continuing.
The targeted service, Directors Desk, helps companies share documents with directors between scheduled board meetings. It also allows online discussions and Web conferencing within a board. Since board directors have access to information at the highest level of a company, penetrating the service could be of great value for insider trading.