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Feds discover Nasdaq IT security was lax

by on18 November 2011

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An FBI investigation into last year's cyber attack on Nasdaq OMX Group has found that security was surprisingly.

The Feds are focused on Nasdaq's Directors Desk collaboration software for corporate boards, where the breach occurred. This is the Web-based software is used by directors to share confidential information and to collaborate on projects.

While the Nasdaq's basic computer architecture was sound, which kept its trading systems safe from the hackers, investigators were surprised to find some computers with out-of-date software, misconfigured firewalls and uninstalled security patches that could have fixed known "bugs" that hackers could exploit. There were versions of Microsoft Corp's Windows 2003 Server operating system which had not been updated.

Nasdaq has officially defended its security practices and pointed out that no data was compromised by the cyber attack, which was detected in October 2010.

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