Marketplace®

Daily business news and economic stories

The bad code that hacked its way into the Nasdaq

In 2011, the FBI discovered dangerous software that was likely Russian in origin.

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.

Related Topics

Latest Episodes

View All Shows
  • Marketplace
    8 hours ago
    26:08
  • Make Me Smart
    12 hours ago
    16:46
  • Marketplace Morning Report
    15 hours ago
    6:52
  • Marketplace Tech
    20 hours ago
    6:54
  • How We Survive
    3 days ago
    25:04
  • This Is Uncomfortable
    4 days ago
    26:12
  • Million Bazillion
    5 days ago
    7:35
  • Financially Inclined
    3 months ago
    12:30
  • The Uncertain Hour
    4 months ago
    22:50
  • Corner Office from Marketplace
    5 years ago
    20:58