Expect terrorist attacks on global financial system

Wednesday, 8 October 2003, 8:17 AM EST

A successful terrorist attack on America's financial infrastructure could bring the US and global economies to a standstill, and the real surprise is that it hasn't been attempted yet.

"We've gone after al-Qaeda's finances, and it would strike me that in a sense, we can expect retaliation in kind," Dr Phil Williams said during his keynote address at the annual conference of the Centre for Conflict Studies at the University of New Brunswick in Atlantic Canada.

Williams says the attack, when and if it comes, would likely focus on what he calls key nodes in the US financial infrastructure: Fedwire and Fednet. Fedwire is the financial funds transfer system that money exchange among US banks, while Fednet is the electronic network that handles the transactions. The system has one primary installation and three backups.

[ Read more ]




Spotlight

Intentional backdoors in iOS devices uncovered

Posted on 22 July 2014.  |  A researcher has revealed that Apple has equipped its mobile iOS with several undocumented features that can be used by attackers and law enforcement to access the sensitive data contained on the devices running it.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  

DON'T
MISS

Wed, Jul 23rd
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //