Russian Spys Hacked Nasdaq Computers, Planted "Bomb"

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Mark Melin
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Updated on

Russia’s official intelligence agency was accused of hacking into the Nasdaq stock market’s critical computer infrastructure in 2010 and planted a digital time bomb on their servers, a report from Bloomberg released today says. Nasdaq computers touched by the dirty swamp The event took place in what was called “the dirty swamp” of Nasdaq’s computer banks and touched the most critical technology the exchange had operated.  The scheme was uncovered through a massive investigation by five of the most influential agencies in government and ultimately led to the involvement of US President Barack Obama. While damaging, the hacking incident did not compromise data…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.