The finance industry may feel like it’s under cyberattack with Wikileaks poised to drop incriminating documents about a major U.S. bank.
But now experts are saying that high frequency-trades are also highly susceptible to attacks by hackers.
By introducing microseconds of latency, hackers could skew prices and make millions of dollars in just a few seconds, reports InfoWorld’s Bill Snyder.
Because the speeds at which trades are happening is faster than the speeds at which they can be monitored–we’re talking about situations in which the speed of light is a limitation — such attacks could go completely undetected.
Sounds like high frequency traders should hire some hackers! Wonder where you find those? Craigslist?
ajeffries [at] observer.com | @adrjeffries