NSA defends Wall Street

The powers that be seem so terrified by the hackers who support the Wall Street movement that they have assigned the most secret arm of the US Military to deal with them.

Officially, the National Security Agency is providing Wall Street banks with intelligence on foreign hackers, a sign of growing fears of financial sabotage.

According to Reuters it is all part of an effort by American banks and other financial firms to get help from the US military and private defence contractors to fend off cyber attacks.

This is in addition to the assistance that private banks get from the Federal Bureau of Investigation.

The line is that hackers could potentially exploit security vulnerabilities to wreak havoc across global markets and cause economic mayhem. While this might be true, it also, coincidentally, comes as more people get miffed at the antics of financial markets.

Calling in the big guns to deal with hackers when they have so far not managed to do much damage might seem a little surprising.

Most of the doomsday scenarios that have actually hit Wall Street have been less to do with hackers and more to do with greedy Wall Street brokers and bankers.

It seems that the NSA will not be tightening up security so that these types can’t suddenly start spending billions of dollars they don’t have.

The FBI said that it has foiled several major cyber attacks by helping identify network vulnerabilities. Although anyone could say that they had done this just by running a Windows update.

NSA Director Keith Alexander, who runs the U.S. military’s cyber operations, said the agency provides financial firms with technical expertise about cyber attacks upon their request.

He told Reuters that the NSA is currently talking to financial firms about sharing electronic information on malicious software, possibly by expanding a pilot program through which it offers similar data to the defence industry. Alexander said later that any expansion of the pilot program would need approval from lawmakers.