Rumor: Fedwire Hacked?

Posted 2013-02-04 08:18
by Karl Denninger
in Federal Reserve

I got a rumble on this over the weekend, but now I have a second source saying the same thing, and it's important enough to report -- although I must emphasize that this is a rumor at this point.

The claim is that "someone" hacked Fedwire.

That, for those who don't follow such things, is how money clears in the wire market. It's the central circulatory system for, well, basically everything. This one didn't come from China, I suspect, since they'd be out of their minds to want to disrupt the circulatory system that feeds their trade engine.

Remember that recently Anonymous "declared war" on the United States over Schwartz's suicide. If this is an opening salvo things are about to get rather interesting -- and the multiple warnings that I and a number of others have raised about the "ho-hum" approach to security that an awful lot of firms and government agencies have indulged themselves in over the last couple of decades may be coming home to roost.

Note: There is a (thus far small) pickup in the media on this. Watch this one closely...

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