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Over 50 Successful Federal Reserve Cyber Espionage Incidents In 4 Years

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Mark Melin
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More than 50 successful U.S. Federal Reserve cyber espionage breaches occurred from 2011 to 2015, Reuters reported. As hackers worldwide target the financial system from profit as well as terrorism, the attacks point more to the future and a new international battlefield where war is already underway.

Successful Federal Reserve cyber espionage involves taking sensitive board documents, access to rate decision discussions

Cyber attacks on the U.S. Federal Reserve, documented by Reuters to date back to 2011, may provide the opening chapter in the establishment of new global battlefield tactics.

From 2011 to 2013, the Fed, at the height of inserting quantitative stimulus into the markets through bond purchases, Fed staff wrote they were subject to attacks that contained “malicious code," the Reuters...

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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.