Yes, a Stock Market Hack Can Happen – Here’s How

Jon Economy

Cyberattacks and online hacks are becoming all too common. And a stock market hack could be on the horizon.
Just last week, a wave of powerful cyberattacks spread across Europe, Asia, and even North America. Hundreds of businesses found their online systems corrupted and unusable. Grocery store checkout machines broke down, the turnstile system in the Kiev metro reportedly stopped working, and ATMs demanded ransom payments.
Here’s a scary thought: The onslaught of ransomware attacks may be the ‘new normal,’ according Mark Graff, the chief executive of cybersecurity firm Tellagraff LLC, in an interview with The Washington Post on June 27.
And no person or institution is safe from a cyberattack. Not even the U. S. stock market.
‘Everything is electronic. If you could hack that, you could bring an economy to its knees,’ said Money Morning Capital Wave Strategist Shah Gilani, a market expert who has long been warning of a stock market hack. ‘I can’t imagine that all of the players who want money and who want power aren’t trying to do this already.’
Indeed, cyber criminals could launch a stock market hack at any moment. Here’s how they could do it – and what an attack could mean for investors…
How Vulnerable Are U. S. Markets to a Hack?
Shah has a suspicion that cyberattacks on U. S. markets have already happened more than the American public realizes.
A major U. S. bank suffers an attack every 34 seconds

This post was published at Wall Street Examiner on July 5, 2017.