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Russian malware infiltrates the Nasdaq stock exchange

Russian malware infiltrates the Nasdaq stock exchange
photo courtesy of SHUTTERSTOCK

In 2010, every U.S. intelligence agency was on the hunt for the creators of malware that might have been coded to wipe out an American stock market.

Originally suspected to be surveillance software, experts were surprised to discover that the program was designed maliciously in Russia. Rep. Mike Rogers (R-MI) confirmed the story.

"We've seen a nation-state gain access to at least one of our stock exchanges, I'll put it that way, and it's not crystal clear what their final objective is," he said. "The bad news of that equation is, I'm not sure you will really know until that final trigger is pulled. And you never want to get to that."

A spokesperson from Nasdaq, Joe Christinat, refutes the representative's accusation.

"The events of four years ago, while sensationalized by Businessweek, only confirm what we have said — that none of Nasdaq's trading platforms or engines were ever compromised and no evidence of exfiltration exists from Directors Desk."

The U.S.'s relationship with Russia is a little tense, to say the least. This revelation most certainly not helping things.

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Source: The Verge
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