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I think prior to cyber 9/11 we're more likely to see actors executing attacks for financial gain. i.e. for competitive advantage or market manipulation. > A ha
by miketery 8y ago
I think prior to cyber 9/11 we're more likely to see actors executing attacks for financial gain. i.e. for competitive advantage or market manipulation.
> A hacker took over the Twitter account of the Associated Press in 2013, tweeting "Breaking: Two Explosions in the White House and Barack Obama is injured." The stock market instantly fell 143 points.
Regardless, our best defense is diversification/decentralization - which goes against normal economic development (mergers and centralization). But as the risk increases (more attacks) - then the balance will shift to support diversification (well I hope).
- partiallypro 8y agoWouldn't work very well, even in your example you'd have to be a very quick trader and the SEC would catch it immediately after the fact. Whatever the attack, it would have to be very real not some fake event.