Feeds

Network attacks (allegedly) ravage London Stock Exchange

Open source trade system breach?

Build a business case: developing custom apps

The London Stock Exchange and one of its counterparts in the US are investigating attacks that hit their networks last year and were intended to disrupt their operations, The Times reported on Monday.

Officials for the LSE are investigating a possible breach of the open-source trading system last year that may have led to the wild Flash Crash last summer. On August 24, the share prices of five companies collapsed, prompting the exchange to shut down trading early. BT alone lost £968 million in market value in the SNAFU. Up to now, officials have blamed the crash on incorrect prices entered on a large number of stock orders.

LSE officials have “been working with the Cabinet Office after uncovering an attempted terrorist attack on its headquarters just behind St Paul's Cathedral last year,” The Times said.

Separately, officials in the US are probing a separate attack on an unidentified American exchange, the paper reported. The perpetrators who are believed to have ties to Russia, may have used the attack in an attempt to “destabilise Western Financial markets.”

The report comes a week after the European Commission halted trading of carbon emissions credits following revelations that some two-million allowances worth about €30m were stolen from insecure accounts. Trading may resume later this week. ®

The essential guide to IT transformation

More from The Register

next story
Rupert Murdoch says Google is worse than the NSA
Mr Burns vs. The Chocolate Factory, round three!
Microsoft cries UNINSTALL in the wake of Blue Screens of Death™
Cache crash causes contained choloric calamity
e-Borders fiasco: Brits stung for £224m after US IT giant sues UK govt
Defeat to Raytheon branded 'catastrophic result'
Germany 'accidentally' snooped on John Kerry and Hillary Clinton
Dragnet surveillance picks up EVERYTHING, USA, m'kay?
Know what Ferguson city needs right now? It's not Anonymous doxing random people
U-turn on vow to identify killer cop after fingering wrong bloke
Snowden on NSA's MonsterMind TERROR: It may trigger cyberwar
Plus: Syria's internet going down? That was a US cock-up
Who needs hackers? 'Password1' opens a third of all biz doors
GPU-powered pen test yields more bad news about defences and passwords
Think crypto hides you from spooks on Facebook? THINK AGAIN
Traffic fingerprints reveal all, say boffins
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.