Trading was halted for more than two hours on the NYSE floor, contemporary United Airlines system and the Wall Street Journal suffered a temporary outage.
The scenario could appear apocalyptic, yesterday trading was halted for more than two hours on the New York Stock Exchange (NYSE) floor and at the same time United Airlines and the Wall Street Journal newspaper suffered a temporary outage. Trading at the NYSE stopped around 11:30 a.m. ET though NYSE.
Stock Exchange, Transportation, Media belong are critical infrastructure of a country, a contemporary failure of these systems could cause serious problems to the nation, especially when the incident is caused by a cyber attack.
White House spokesman Josh Earnest confirmed that the incidents weren’t caused by cyber attacks, anyway President Obama had briefed on the glitch at NYSE by White House counterterrorism and homeland security adviser Lisa Monaco and chief of staff Denis McDonough.
“It appears from what we know at this stage that the malfunctions at United and at the stock exchange were not the result of any nefarious actor.” said Department of Homeland Security Secretary Jeh Johnson. “We know less about the Wall Street Journal at this point except that their system is back up again as is the United Airline system.”
The Intercontinental Exchange, the organization that owns the NYSE, shortly after the outage informed the public by tweeting from the NYSE account that the incident was caused by an internal glitch.
“The issue we are experiencing is an internal technical issue and is not the result of a cyber breach,” the exchange tweeted. “We chose to suspend trading on NYSE to avoid problems arising from our technical issue.”
(1 of 3) The issue we are experiencing is an internal technical issue and is not the result of a cyber breach.
At the same time the online edition of The Wall Street Journal was offline, a 504 error message displayed on the homepage not bode good.
“I think the Wall Street Journal piece is connected to people flooding their web site in response to the New York Exchange to find out what’s going on.” FBI Director James Comey told the Senate Intelligence committee. “In my business we don’t love coincidences, but it does appear that there is not a cyber-intrusion involved.”
Sen. Bill Nelson, D-Fla., the top Democrat on the cyber-security subcommittee, told Fox News that the NYSE incident has “the appearance” of a cyberattack and noted the coordination of multiple sites.
Thus far the temporary outage at the New York Stock Exchange, United Airlines and the Wall Street Journal’s website were the results of tech glitches, but we have to consider the US infrastructure remains vulnerable to cyber attacks that would cause serious problems and would be costly.
Pierluigi Paganini is member of the ENISA (European Union Agency for Network and Information Security) Threat Landscape Stakeholder Group and Cyber G7 Group, he is also a Security Evangelist, Security Analyst and Freelance Writer.
Editor-in-Chief at "Cyber Defense Magazine", Pierluigi is a cyber security expert with over 20 years experience in the field, he is Certified Ethical Hacker at EC Council in London. The passion for writing and a strong belief that security is founded on sharing and awareness led Pierluigi to find the security blog "Security Affairs" recently named a Top National Security Resource for US.
Pierluigi is a member of the "The Hacker News" team and he is a writer for some major publications in the field such as Cyber War Zone, ICTTF, Infosec Island, Infosec Institute, The Hacker News Magazine and for many other Security magazines.
Author of the Books "The Deep Dark Web" and “Digital Virtual Currency and Bitcoin”.