Friday, May 15, 2009
Recently, disruption during peak minutes within various on-line trading platforms has occurred in Canada, and the United States of America.
Prior to these so called “glitches”, an announcement concerning the use of military force to combat on-line hacking of sensitive installations had been announced from the United States world-wide. Notice that following these announcements, trading has been in some cases, directly influenced. You need to know this.
A cyber attack begins against major world financial institutions?
Unlikely, although one could easily assume the worst and in my case, during peak minutes of trading, I recently missed the anticipated low of various stocks due to an inability to navigate quickly using a highly efficient and secure internet service. All on-site systems and/ or registry values were checked on my end without detection. One brokerage (un-named for obvious reasons) informed me that several complaints had been filed and that the problem, if any, might be related to various internet service providers experiencing difficulties. There was no indication that the problem originated from any of their own operating systems. Solar activity throughout the times of each reported problem had been minimal.
Now, think of the implications if such an attack were marginally successful! I am a trader and this would, without any doubt, hinder my ability to make a maximum profit. Worse, if highly successful, this could threaten the national security of every major industrial power in our world today.
Canadian news of market “glitch“, May 15, 2009
News warning of military intervention against cyber crime, May 8, 2009
Solar activity information (SOHO)