More On The 'DAQ Hack (NDAQ)

The NASDAQ NDAQ announced over the weekend that the exchange was hacked by hackers, but no trading was compromised. The report first came from the Wall Street Journal which broke the story. Bloomberg TV said that the NASDAQ found suspicious and malware files on its servers. The files were found on Director's Desk, which is a web-based program that runs separately from NASDAQ trading operations The hack itself proves that while technology has helped make our markets more efficient, it hasn't made it bullet proof. If there are additional hacks into the NASDAQ or other exchanges, then investor confidence will plummet, along with the markets. Investors need to have confidence that they can place trades without having their information be compromised. What's even more disturbing is the government did not want this information disclosed to investors right away, while the situation itself was being sorted out. There are rumors that this is not the first time the NASDAQ has been compromised in this way, and if it's true, there is no telling what could happen should a mass attack happen on one of the exchanges.