Cybersecurity

By Ben Bain

Blog archive

White House dismisses cyberattack as culprit in Dow Jones plunge

There’s no indication that a cyberattack was behind the Dow Jones industrial average’s nearly 1,000-point plummet and the partial rebound on May 6, according to White House Counterterrorism and Homeland Security Adviser John Brennan.

“To my knowledge there’s no indication that it was” the result of a cyberattack, Brennan said during a May 9 Fox News Sunday interview. 

Some people have speculated that the plunge could have been caused by some sort of electronic attack on computer systems integral to trading. Officials continue to investigate what caused the incident.

Posted by Ben Bain on May 10, 2010 at 12:12 PM


Featured

  • FCW PERSPECTIVES
    sensor network (agsandrew/Shutterstock.com)

    Are agencies really ready for EIS?

    The telecom contract has the potential to reinvent IT infrastructure, but finding the bandwidth to take full advantage could prove difficult.

  • People
    Dave Powner, GAO

    Dave Powner audits the state of federal IT

    The GAO director of information technology issues is leaving government after 16 years. On his way out the door, Dave Powner details how far govtech has come in the past two decades and flags the most critical issues he sees facing federal IT leaders.

  • FCW Illustration.  Original Images: Shutterstock, Airbnb

    Should federal contracting be more like Airbnb?

    Steve Kelman believes a lighter touch and a bit more trust could transform today's compliance culture.

Stay Connected

FCW Update

Sign up for our newsletter.

I agree to this site's Privacy Policy.