US Federal Reserve: Hacked, Tapped and Smacked

Last Sunday’s cyber attack on US Federal Reserve Bank of St.Louis appears to be a lot more serious than the St.Louis FED have told the media, the authorities  and  financial institutions they serve. According to ZDNet the hacktivist group Anonymous may have released important banking information that could be connected to Federal Reserve computers, including contact information and cell phone numbers for U.S. bank Presidents, Vice Presidents, COO’s Branch Managers, VP’s and more. The FBI has now opened a criminal investigation into  hacking incident.

“As an information security expert, its my official position that there was a blatant and irresponsible lack of tact and urgency in the response by the Federal Reserve to the individuals and institutions contained in this list. I’d go as far as to say they have irrevocably LIED to their constituents here.”

Security Expert

anonymous-fed-hack

According to the ZDNet report, the information security community is outraged at the Federal Reserve for its dismissive attitude and lack of transparency around Sunday’s emergency contact system hack. A Federal Reserve Spokesperson told reporters that Anonymous’ claim to the hack’s importance was “overstated,” but information security professionals that serve financial institutions says the exact opposite. Now they are angry with the Federal Reserve for downplaying the incident – very angry.

The hacktivist group Anonymous accessed  the US Federal Reserve Bank of St. Louis‘ internal files and servers, by hacking the FED’s  emergency contact system,  ZDNet reports.

anon 0The emergency contact system (ECS) enables agencies to establish two-way communications channels with institutions during a crisis to exchange critical information; crises such as natural or man-made disasters; weather, fire, and so on, chemical biological events or threats, and events affecting the financial markets

One of the people who express his concern with the hacking incident is Veracode chief technology officer, Chris Wysopal, calling the hack “a spearphishing bonanza and the most valuable account dump by quality I have seen in a while.”

anon 1Another person expressing concern on the incident is Jon Waldman, a senior information security consultant whose firm specializes in serving small-to-medium sized financial institutions, explain his anger at The FED’s downplaying of the incident.

Here are some quotes by the security excerpts:

“The Federal Reserve is simply incorrect by saying there’s not account details on the list. I’ve seen that list and it is absolutely rife with account details. Usernames and hashed passwords are included with salts.”

“As an information security expert, its my official position that there was a blatant and irresponsible lack of tact and urgency in the response by the Federal Reserve to the individuals and institutions contained in this list. I’d go as far as to say they have irrevocably LIED to their constituents here.”

Hacking for…….Chris Dorner!?

ZDNet points out that the Anonymous previously hacked other US government websites, including the U.S. Sentencing Commission and the Alabama Criminal Justice Information Center. The report also claim that Anonymous new attack’s filename refers to Christopher Dorner, an ex-LAPD officer that is currently the target of a California state-wide manhunt for killing three people, but has been characterized by some Anons as “an avatar” of the man of conscience pushed to the point of desperate action due to the alleged corruption happening within the LAPD.

anon 2However, the latest government hacking incident may also be attributed to a group of Anonymous’ demand for a US computer crime reform law, as well as the group’s extended show-off in protest for the early demise of Reddit’s co-founder Aaron Swartz, a famous hacktivist who committed suicide during a rough investigation by the FBI into his activities.

I certainly hope that no one commits suicide as a result of this new FBI investigation, but I curious about the results. And also if the investigation will target the officials at St.Louis FED – or just the Anonymous…

Related by econoTwist’s:

9 Comments

Filed under Laws and Regulations, National Economic Politics, Technology

9 responses to “US Federal Reserve: Hacked, Tapped and Smacked

  1. hacked games

    fantastic submit, very informative. I ponder why the other specialists of this sector don’t realize this. You should proceed your writing. I am confident, you’ve a huge readers’ base already!

  2. Lorenza

    That is really fascinating, You are an excessively professional
    blogger. I’ve joined your feed and look ahead to in search of extra of your excellent post. Also, I’ve shared your website in my social networks

  3. Pingback: Gigant Social Media Security Hole in Banking | Rational Arrogance

  4. Pingback: Microsoft Confirm: We’ve Been Hacked, too | EconoTwist's

  5. It is appropriate time to make a few plans for the long run and it is time to be happy. I have learn this publish and if I may just I want to counsel you few fascinating things or advice. Maybe you could write subsequent articles relating to this article. I desire to read more things about it!

    • Thank you :-)
      I will be following up on this subject, but not on a regular basis. But, please, search the site, and you will find many closely related articles.
      You may ask me anything you want and I’ll try to answer to the best of my abilities.

      AllTheBest
      econoTwist’s

  6. Pingback: Hackers Going For Gold(man) | Rational Arrogance

  7. Pingback: Anonymous: Going For Gold(man) | EconoTwist's

  8. Pingback: Hacking for… Chris Dorner!? | Rational Arrogance