NYSE floor trading halted; no sign of cyberattack

a reply to: jimmyx

You're really good at dropping the race card in every thread that you post in

Well it looks like a well timed hack if it is one. Just happens to stop trading when they're seeing a large drop. Got to love the hackers timing, buying the market more time to save itself. Seems to me that if they wanted to do any real harm they could have done a lot more with not hacking that day.

originally posted by: marg6043
a reply to: MystikMushroom

It sounds to me that like you say somebody did press the wrong button, the "panic button" I may say, you know the one that was installed after the 2008 market crash to avoid another mass hysteria.

Everything has a reason, too many bad news around the globe this days when it comes to hiccups in some of the most influential economies.

Things are not what it seems this days, economic prosperity is nothing but a mirrage

I'm going to go ahead and make a prediction here. (As much as I don't like them).

I think this was a test run to see how people react to a system going down. In case the market really starts to sink world wide, there's going to be a convenient cyber attack that will bring the market down for a few days. No hackers, just the panic button being pressed without telling people it was pressed (which would then add more hysteria to the market).

originally posted by: jimmyx
a reply to: StargateSG7

absolutely, and you are right to have those backups, modem (if needed) and extra router, backup laptop, backup hard drive that you can switch out( a few screws along with a data cable, and power plug)...even a laymen could be shown how to do this in ten minutes.....this isn't rocket science....if you are going to buy a laptop, always make sure it has a removable hard drive and backup along with a backup battery...don't depend on the "cloud"

=====

Your comment brings up a MASSIVE ISSUE with larger corporations
that think Hunky-Dory-All-Is-Well on the data centre front when it
comes to their IT infrastructure. So much work and maintenance
has been outsourced and put into the cloud, if there is ANY single
failure in the system, there is a massive snowball effect that causes
a chain reaction that can bring down the ENTIRE system.

The company I work for NEVER let's go of it's IT infrastructure!
ALL OF IT is done in-house from basic backups, to hot-site hardware
backups with MULTIPLE servers ready to take over in case of failure all
the way to Triple-AES Encryption (3 x 256-bit AES) of ALL data on every
disk in case of theft or network infiltration.

EVERY company (SMALL ONES ESPECIALLY!) should at the very least
have an extra motherboard and power-supply for your Windows 2012
Server or Linux Server machines and, at the very least, have ONE full
on-site and one off-site image backup of the Installed Operating System
and all your documents backed up to MULTIPLE hard drives stored both
On-Site and Off-Site.

Total cost would be less than $10,000 for such a system.

And will save you $50,000+ in headaches if you have say a lightning
strike and need to recover (This actually happened to us!) your
damaged servers.

In our case the longest we would be out would be 4-to-5 hours, and
the only reason for that is it takes 1.5 hours to restore the "Last Known
Good Server Drive Image" to a backup motherboard/power supply and it
takes 2.5 hours+ to restore TWO PETABYTES (2000 Terabytes+) of Client
and In-house Video Data.

If our hardwired network connection goes down we still have backup
routers connected to MULTIPLE 20 megabit connected wireless
smartphones on fancy dataplans which will give us temporary
aggregated 100 megabit internet bandwidth
within 10 minutes of going down.

5 phones x $80/month unlimited plan (each at 20 megabits download
and 8 megabits upload) is only $400 per month for piece of mind.
Our UPS/Generator can also power the IT centre for at least
two weeks on a 3000 Litre propane tank. (10,000 Watts generator
continuous 100% duty cycle) So we are set for uptime in a wide-area
power failure disaster. We've also installed 60 km repeaters on multiple
private properties so we can hop our internet on a private WiMAX-based
VPN connection to outside of the city in case the entire city goes down.
It's slow at only 7 megabits/second per repeater over 60km line of sight
or 3 megabits/second at 8 to 12 km in mountainous or city terrain
but it does work!

Use these:
www.zyxel.com...

Cost: $5000 to $15,000 per repeater depending upon long-range
antennae and power configuration. If you buy the cheapie versions
with cheap antennae you will be getting only 1-to-2 megabits a second
at a maximum range of 10 km (6 miles)


If WE can do that, then WHY can't the NYSE which is many times
bigger than us? It's just common sense to create a backup system
and TRAIN people how to implement it. We are less than 10 people
and small potatoes money-wise! You would think that $500,000 and
some decent IT guys SHOULD be able to fix the NYSE's IT downtime problem!

a reply to: ~Lucidity

I don't know... the news makes it sound rather benign.
Given the number of markets, the NYSE though significant, isn't what it used to be and those other markets where able to pick up the traffic. Unless this was just a test run, given the entities involved, one market, one airline, and one online periodical the effects felt around the world ...were...well....weren't.

a reply to: JamesCarrot

Oh well if that's where you're at very well. Buy away ...
I thought you said something about a shortage of expendable funds but if not when it drops I say "they're having a sale, stock up lol. "

a reply to: AutumnWitch657

The 6 month intermediate term chart has a clear double top.

money.cnn.com...

I'm not sure what it will take to attract buyers back in to the market, certainly not low inflation and high interest rates..

Dunno why this made the 'news'.

Ever since 9-11 they have a separate back up for the stock exchanges.


AND unlike the current administration and it's 'reset' button. The stock exchange has one that actually works.

They can reset entire trading days if they wanted to.

originally posted by: ScientificRailgun
Nothing to see here.

JADE was just booting up. After all, it's almost time for her to be at the HELM.

I had nothing to do with this, honest.

From my professional opinion as a sysadmin and engineer. They got hacked, probably by china, it was probably a known vulnerability and they were embarrassed to admit it or possibly open themselves up to lawsuits for non compliance with federal regulations. (Not saying anyone would win the suit against them mind you.)

originally posted by: nemonimity
From my professional opinion as a sysadmin and engineer. They got hacked, probably by china, it was probably a known vulnerability and they were embarrassed to admit it or possibly open themselves up to lawsuits for non compliance with federal regulations. (Not saying anyone would win the suit against them mind you.)

How did the anons know that it was going to happen?

A faction of anon hacked WS or perhaps a more shadowy group looking to recoup their losses and gain a measure of revenge.A warning most definitely but by whom?

a reply to: JadeStar

The only answer I can come up with other than they got hacked is that someone who is in Anon works on the software for Wall ST, and knew about the "glitch" and possible problems the day before.

a reply to: JadeStar

You can see an up swing in traffic just before a sizable attack. The perpetrators probably spent time before hand systematically poking the NYSE in order to determine a vector of attack.

NYSE is something that gets monitored by a lot of people, black hats and white hats, the anons were probably just paying attention.

a reply to: mike dangerously

Or perhaps these were just computer glitches that happen all the time. Because the nefarious attempt to topple the free world failed miserably otherwise.