Sunday, January 6, 2013

How the SEC Almost Shut Down Wall Street | Reduction

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How the SEC Almost Shut Down Wall Street

Blue 505 CIT Group
Blue 505 CIT Group by Ernst Moeksis
License (according to Flickr): Attribution License
Excerpt:

Here's a fun fact: Hackers, just like bankers, real estate agents and collectors of Star Trek memorabilia, attend conferences. Even better: they play games at the conferences. One of the games they play has attendees aggressively competing to access any device in the hall, thereby demonstrating prowess in obtaining sensitive information. The goal is to exploit any vulnerability, or crack that which is perceived to be impenetrable, and share details for both educational purposes and bragging rights. This is the kind of thing you'd expect at a Black Hat hacker conference and why people with sensitive information on computers probably shouldn't bring them to the party. Especially employees of the Securities and Exchange Commission Trading and Markets division. And they really shouldn't have brought their computers with them. Except they did. Yes. This really happened.

How the SEC Almost Shut Down Wall Street

Additional Info:

FieldTerminology: Black Hat

Overall Sentiment: 0

Relevance: 0.38163

FieldTerminology: real estate agents

Overall Sentiment: 0.131892

Relevance: 0.354955

Organization: Securities and Exchange Commission Trading and Markets division

Overall Sentiment: 0

Relevance: 0.931869

Company: Reuters

Overall Sentiment: -0.376584

Relevance: 0.335097

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