Hong Kong Exchange Hacked | Payback For -Operation Shady Rat

Hong Kong is a special administrative region of China. When someone goes for the Money Shot like this, it looks like a nation state to me. Maybe a message for “Operation Shady RAT.”. Call this a shoot across the bow China. Good Cyber Shot U.S.Seems like the McAfee is getting in the U.S. viewfinder.In a letter to Dmitri Alperovitch, vice president of threat research for McAfee and author of the report, Bono Mack requested a briefing with his research team and asked how the government and private sector could more effectively mitigate data breaches. Representative Mary Bono Mack, chairman of the House Commerce subcommittee with jurisdiction over cybersecurity, said she was alarmed by the report on a slew of cyber attacks that McAfee has dubbed “Operation Shady RAT.”Operation Shady RAT is an eye sour for the U.S government and China now is telling us that we should decrease our and reduce social programs. China is telling us how to be more financially prudent. Well I think someone in high places just kicked China in the financial teeth.

mEoW – gatoMalo

Charles Li, HKEx chief executive, said the collapse of the website on which local-listed companies announce price sensitive information appeared to be the result of “a malicious attack by outside hacking”. But he said it was unclear who the hackers were or what they hoped to gain from the attack. “We’re digging into that particular question right now.” This is big it makes China look weak so beware China will strike back soon. We should be ready…..

Computer hackers forced the Hong Kong stock exchange’s website to crash, prompting the bourse to suspend trading in the shares of seven companies including HSBC and the exchange operator itself.

The cyberattack, which deprived investors of important announcements from listed companies, came just hours before Hong Kong Exchanges & Clearing, the world’s largest by market capitalisation, announced its interim results.

HKEx is the second high-profile global exchange to admit to an attack this year after Nasdaq OMX, which owns the second-largest US exchange, said criminals had tried to penetrate a web-based service for customers. In both cases, the exchanges stressed that their trading systems had not been affected.

Charles Li, HKEx chief executive, said the collapse of the website on which local-listed companies announce price sensitive information appeared to be the result of “a malicious attack by outside hacking”. But he said it was unclear who the hackers were or what they hoped to gain from the attack. “We’re digging into that particular question right now.”

HKEx took the decision to suspend trading in the shares of the seven companies that were due to make announcements during the lunch break, including China Power International and Cathay Pacific, the airline. HSBC, the most liquid stock in Hong Kong, was also suspended.

The world’s largest exchanges have improved security following an attack on the Nasdaq, which sparked an investigation by the Federal Bureau of Investigation. Nasdaq admitted last month it faced “constant attack” from hackers every day.

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Breaking into an exchange’s trading system would be extremely hard because of the multiple layers of security, according to experts. Many exchanges run their trading operations away from the internet on a separate private network, often with its own computing language.

When its news website was down, HKEx told market participants to obtain listed company announcements through its bulletin board, a back-up website.

The exchange is placing advertisements in Hong Kong newspapers to inform retail investors about the unprecedented situation.

If the website remains unstable on Thursday, the bulletin board will be used to disseminate information but stocks will be not suspended, said Mark Dickens, head of listing at HKEx.

The exchange has drafted in a team of external computer experts to work out how the website was brought down. It has reported the attack to the Securities and Futures Commission, Hong Kong’s regulator.

The exchange emphasised that its other systems were not affected and trading in its securities and derivatives markets continued to operate normally. The bourse’s core trading systems are not directly connected to the internet, it said.

Over the past few years hackers have been deploying increasingly sophisticated malware to attack the operating systems of companies, exchanges and governments. Sony, the Japanese electronics group, disclosed in April that more than 70m users of its online gaming network had theirpersonal details stolen by hackers.

McAfee, the computer security company, said last week that it had uncovered a five-year long campaign of cyber attacks on the networks of governments, organisations and businesses, including the UN and 13 defence contractors.

HKEx announced profits of about HK$2.6bn (US$333m) in the first half, an increase of 14 per cent compared with the same period last year, in line with analyst expectations. The company’s shares jumped 2.6 per cent before being suspended from trading during the midday break.

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Read More ..> http://www.ft.com/intl/cms/s/0/f448a9b6-c33a-11e0-9109-00144feabdc0.html#axzz1UeuZDEQP

Read More ..> http://www.reuters.com/article/2011/08/10/us-usa-hackers-lawmaker-idUSTRE7795DV20110810

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About gatoMalo

I am a veteran served on the USS Saratoga. After the military I worked on computers for the last 30 or so years. I worked as a hardware, software, network, email, groupware developer and security dude. I am now an abuelo. I belive in guarding the guards. We are all citizen warriors for our country the 5th battlefield is Cyber Space so here I am. Later, quis custodiet ipsos custodes? View all posts by gatoMalo

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