A new article in Bloomberg Businessweek explores what looked a few years ago to U.S. officials like a massive cyberattack directed against one of the big American stock exchanges, the Nasdaq market.
Reporters have been piecing together the hunt — not for Red October — but for the origins of dangerous software that was somehow hacked into Nasdaq’s computers. The bad code has long since been eradicated.
According to Bloomberg Businessweek reporter Michael Riley, the malware was discovered by the FBI in late 2010, tracked by the National Security Agency, and determined to likely be Russian in origin.
Click the media player above to hear Bloomberg Businessweek reporter Michael Riley in conversation with Marketplace Morning Report host David Brancaccio.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.