NASDAQ's Hacked Directors Desk Allegedly Violated FTC Rules

February 06, 2011   |   February 2011 Bond Updates
According to an un-named federal official, hackers have repeatedly breached a NASDAQ-owned, cloud-based application called Directors Desk for more than a year. The NASDAQ trading systems were not targeted. Instead (and this is an incredibly important finding), they chose to penetrate a communications platform which stores critical data (i.e., financials, reports, planning docs) for over 10,000 board members of several hundred Fortune 500 companies. Directors Desk enables its users to hold online board meetings where pivotal corporate data is shared among the attending board members in .pdf format. This gives an adversary access to the kind of rich, proprietary information that can dramatically impact stock prices in financial exchanges worldwide.

View more at: http://blogs.forbes.com/jeffreycarr/2011/02/06/nasdaqs-hacked-directors-desk-allegedly-violated-ftc-rules/
 
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