Nasdaq spends to fend off “constant” idiot hack attacks

Reuters, By Jonathan Spicer, July 27, 2011

The operator of the Nasdaq Stock Market is “under constant attack” from would-be hackers and will spend more on security as a result, its top executive said. “As we sit here, there are people trying to slam into our system every day,” Robert Greifeld, chief executive officer of Nasdaq OMX Group, said in an interview on Wednesday. “So we have to be ever-vigilant against an ever-changing foe.”The exchange operator sits at the center of the U.S. financial system, which has increasingly come under siege from computer hackers and counts itself among those, including Citigroup Inc, that have had recent cyber breaches….Earlier on Wednesday, the company boosted 2011 cost projections, in part because of higher information security expenses. Expenses should now total $950 million to $965 million this year, up from the $920 million to $940 million estimated in February. http://www.reuters.com/article/2011/07/27/us-nasdaqomx-hackers-idUSTRE76Q5BT20110727

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