Nasdaq communication service hit by hackers
Source: Agencies |
February 7, 2011, Monday
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Print Edition
Print Edition
HACKERS broke into a Nasdaq service that handles confidential communications for some 300 corporations, the company said on Saturday - the latest vulnerability exposed in the computer systems that 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 United States, with over 2,800 listed companies.
A federal official said 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 as yet unknown.
The service, Directors Desk, helps companies share documents with directors between scheduled board meetings. It also allows online discussions and Internet 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.
Rich Mogull, an analyst and CEO with the security research firm Securosis, said Web-accessible -services like Directors Desk are a prime -target for hackers, and have -sometimes been used as a back door into -systems that aren't directly connected to the Internet.
Nasdaq OMX CEO Bob Greifeld said in a statement that cyber attacks against corporations and government are constant and the company is vigilant in maintaining security.
"We continue to evaluate and enhance our advanced security controls to respond to the ever increasing global cyber threat and continue to devote extensive resources to further secure our systems," he said.
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 United States, with over 2,800 listed companies.
A federal official said 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 as yet unknown.
The service, Directors Desk, helps companies share documents with directors between scheduled board meetings. It also allows online discussions and Internet 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.
Rich Mogull, an analyst and CEO with the security research firm Securosis, said Web-accessible -services like Directors Desk are a prime -target for hackers, and have -sometimes been used as a back door into -systems that aren't directly connected to the Internet.
Nasdaq OMX CEO Bob Greifeld said in a statement that cyber attacks against corporations and government are constant and the company is vigilant in maintaining security.
"We continue to evaluate and enhance our advanced security controls to respond to the ever increasing global cyber threat and continue to devote extensive resources to further secure our systems," he said.
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