The Market Ticker
Commentary on The Capital Markets- Category [Flash]
2014-11-06 17:48 by Karl Denninger
in Flash , 461 references
 

I wish I could say that I'm surprised at this... but, in fact, I predicted it -- and am not surprised.

At all.

A destructive “Trojan Horse” malware program has penetrated the software that runs much of the nation’s critical infrastructure and is poised to cause an economic catastrophe, according to the Department of Homeland Security.

National Security sources told ABC News there is evidence that the malware was inserted by hackers believed to be sponsored by the Russian government, and is a very serious threat.

The hacked software is used to control complex industrial operations like oil and gas pipelines, power transmission grids, water distribution and filtration systems, wind turbines and even some nuclear plants. Shutting down or damaging any of these vital public utilities could severely impact hundreds of thousands of Americans.

smiley

This sort of thing, coordinated with some on-the-ground activity, could be extremely ugly.

I hope it doesn't turn into the ugly, but it has all the makings of doing so, and what's worse is that despite what these people may think the odds are high that we don't know anywhere near as much about what has been done as we think we do.  In other words there is never only one cockroach.

Heads up folks.

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