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In Cyber Battlefield, Banks Reportedly Go On Offensive

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Mark Melin
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In the new battlefields of cyber warfare,big banks, protected at so many levels by government, are on their own when it comes to the most venerable attacks. In an environment lacking government protection in cyber attacks, or even any guidelines on what critical infrastructure should be protected, banks and other large corporations are taking matters into their own hands and turning to offensive hacking teams, according to a new report by Michael Riley and Jordan Robertson of Bloomberg News.

Banks and recent hacking

Recent hacking attacks on JPMorgan and other...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.