NYSE, United Airlines Shutdowns Spark Paranoia - InformationWeek

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Government // Cybersecurity
Commentary
7/8/2015
01:58 PM

NYSE, United Airlines Shutdowns Spark Paranoia

United Airlines and the New York Stock Exchange both experienced massive outages this morning. The causes are slowly coming to light.

(Image: EdStock/iStockphoto)

(Image: EdStock/iStockphoto)

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Ashu001
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Ashu001,
User Rank: Ninja
8/28/2015 | 2:42:34 PM
Re: updates can be dangerous
classC,

Yes unfortunately,as I am sure you also observed the NASDAQ/NYSE trading halts on Black Monday(this week) the Authorities(and especially Global Central Banks) have lost control over the whole Economic Narrative.

They seriously speaking have absolutely no clue what's happening where in the system because it has become just way too complex today.

I beg to disagree on Snowden.

In fact I think he's an absolute Hero for what he's done and also for the fact that his decision to escape the Totalitarian state that is America today.

Look at how all those Whistleblowers before him were hounded ;he decided he did'nt want to go through the same fate so chose to do things differently.

Mr Putin gets bonus points(IMHO) for keeping him safe in Russia today.

 
ClassC
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50%
ClassC,
User Rank: Moderator
8/28/2015 | 1:05:34 PM
Re: updates can be dangerous
@Ashu001    Couldn't agree more - Even though I think Snowden is actually a coward, his point cannot be denied. He just had access to what many of us have suspected all along.

The NYSE can never admit that for all of their cisco routers - it too has been breeched.

A major conerstone of the World Economy simply cannot admit it too is vulnerable. Those systems have been designed to work 24/7 and when they don't it is not because some mouse chewed on some fiber or a server hung after an update.

So I am waiting for the next unexplained outage and what excuse the public will be given then.
Ashu001
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50%
Ashu001,
User Rank: Ninja
8/28/2015 | 12:04:03 PM
Re: updates can be dangerous
ClassC,

I am really glad to see ;I am not the only person who shares that Scepticism(about true reasons behind the NYSE shutdown).

More often than not;what one hears in the grapevine tends to be true(especially in Security space);remember how often there were rumours about Backdoors and the fact that the Government is Spying on us?

As Edward Snowden proved so clearly those rumours are true.

I won't be surprised a bit if something similar happens here as well.

 
ClassC
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ClassC,
User Rank: Moderator
7/17/2015 | 12:04:35 PM
Re: updates can be dangerous
I do believe there are more to these occurences than mere coincidence.    Noone at the NYSE ( or United for that matter) wants to admit that for all of their high end equipment and engineers that - someone or something has invaded their network.

I guess we are supposed to believe elephants  are pink as well.....
Ashu001
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50%
Ashu001,
User Rank: Ninja
7/9/2015 | 6:43:59 AM
Re: updates can be dangerous
Pedro,

The Rumours that I have heard on the Darknet is that these outages were caused by Chinese DDOS attacks simply because they wanted to take some spotlight away from their collapsing Stock-markets in the last week or so(down 50% in one week).

Is that rumour true?

I really don't know.

But if it is'nt and these outages were really a function of Software upgrades as they so claim then they made a very-very big mistake of scheduling the updates in the middle of the working week.

It made more sense(in the case of NYSE) to schedule it at a time when they know Traffic is usually very light(like Say December or the beggining of the Summer Holidays season in America).

In contrast for United-Offpeak time is probably a week or so after Spring Break till a week or so before Summer Holidays commence.

 

 
PedroGonzales
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PedroGonzales,
User Rank: Ninja
7/8/2015 | 10:20:14 PM
updates can be dangerous
I was wondering that if such updates where to occur in such a sensitive industry; wouldn't they tested first or made sure that such updates didn't have a negative impact.  I heard a reporter that this was not the first time, a couple of years ago the same thing happen and trading was stopped for a day.  I will be interest to hear what are their plans if this happens again, how can they provide confidence to their traders?   
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