trading network

Hackers can cash up millions of dollars on vulnerable stock market networks now

January 11, 2011 - 2:35am | Fraud | News
Hackers can cash up millions of dollars on vulnerable stock market networks now

According to a new research by cPacket Networks hackers can exploit high-frequency trading networks to pocket millions of dollars during stock market transactions. Rony Kay, a former IBM research fellow and founder of cPacket Networks, says that the networks used to complete stock market transactions in microseconds, are vulnerable to manipulation by hackers who can inject tiny amounts of latency into them. By doing so, they can subtly change the course of trading to their advantage.


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