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

  • IT Modernization
    Eisenhower Executive Office Building (Image: Wikimedia Commons)

    OMB's user guide to the MGT Act

    The Office of Management and Budget is working on a rules-of-the-road document to cover how agencies can seek and use funds under the MGT Act.

  • global network (Pushish Images/Shutterstock.com)

    As others see us -- a few surprises

    A recent dinner with civil servants from Asia delivered some interesting insights, Steve Kelman writes.

  • FCW Perspectives
    cloud (Singkham/Shutterstock.com)

    A smarter approach to cloud

    Advances in cloud technology are shifting the focus toward choosing the right tool for the job and crafting solutions that truly modernize systems.

Stay Connected

FCW Update

Sign up for our newsletter.

I agree to this site's Privacy Policy.