Federal Reserve internal website is hacked. 4000 US bank executive info leaked.

[twolifeinexile]

http://www.zdnet.com/anonymous-posts-over-4000-u-s-bank-executive-credentials-7000010740/

  4000 US bank executive login credentials and contact info is leaked by anonymous. The exact detail of the hack is still unknown, but since the leak contains password hash, this time it seems they indeed hacked a high-security well-guarded (who knows, maybe federal reserve is not that highly sophisticated) computer. Not sure what these login credentials are used for, but if this is the hack to the "Fedline", which system all US banks transferring money among themselves ( the transfer of federal reserve), this would be a very serious hack.
  

  Not sure what to say about these "kids", they may induce serious backfire if this is indeed the Fedline.

  And I think this news is highly relevant to bitcoin. At least,with bitcoin, there is no one point of failure comparing other currency arrangements.


Updated : Edited the title from "Breaking(unconfirmed): THE system is hacked?4000 US bank executive info leaked" to "Federal Reserve internal website is hacked. 4000 US bank executive info leaked."  News confirmed by Reuters: http://www.reuters.com/article/2013/02/06/net-us-usa-fed-hackers-idUSBRE91501920130206
Though it is not Fedline or Fedwire, it is some internal website. Seems like just kidy hack rather than real breaking hack. "The website's purpose is to allow bank executives to update the Fed if their operations have been flooded or otherwise damaged in a storm or other disaster. That helps the Fed to assess the overall impact of the event on the banking system."

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[ArticMine]

Has Anonymous really hacked the printing press at the US Federal Reserve or just embarrassed a few officials? There is a huge difference.

[DeathAndTaxes]

Probably the later.  IIRC FedWire uses asymetric encryption to sign transactions with the bank's private key. The whole PKI nine yards with CA, key revocation, HSM (hardware devices to securely store private keys).  How each bank chooses to sign transactions is up to internal policy but it isn't like FedWire is a web app which each bank CEO logins from his personal computer using his weak password and approves $250,000,000 worth of daily wire transfers.

[BurtW]

I liked this line:

In 2007 the estimated average daily value of funds transferred via Fedline products was 2.7 trillion (an estimated 537,000 payments daily, the average was over $5 million per transaction).

Won't it be nice when the Bitcoin network handles that kind of volume? 

[notme]

I liked this line:

In 2007 the estimated average daily value of funds transferred via Fedline products was 2.7 trillion (an estimated 537,000 payments daily, the average was over $5 million per transaction).

Won't it be nice when the Bitcoin network handles that kind of volume? 

If you just consider transactions we're doing over 10% of that:

http://blockchain.info/charts/n-transactions

[Bit_Happy]

This is a huge story.
I support peaceful action, not cyber-crime.

[humanitee]

IIRC it's mostly local bank and credit unions.

If it's a leak by anonymous you can almost guarantee it's hyped and fucking retarded. They do absolutely nothing productive.

Anonymous == organized (debatable) vandalism

[evolve]

When we see massive internet censorship or a complete lockdown, we can all think Anonymous/LulSec/whatever the hell they call themselves these days.

[iCEBREAKER]

OH NOEZ TEH EVUL HAX0RZ ARE BEAN MEAN TO TEH POOR WIDDLE BANKSTERS!!!11!

WUT?  DIS IS NOT LULZY NAO I HAS A SAD *CRYS*

The British Loyalists supported "peaceful action" and called the Boston Tea Party a criminal act.  We know how that turned out.

You two would have made a terrible Minuteman; Thomas Jefferson and the Revolution would have offended you both greatly.

IN CONGRESS, JULY 4, 1776
The unanimous Declaration of the thirteen united States of America

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn that mankind are more disposed to suffer, while evils are sufferable than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

Just because you choose to not exercise your right, and shirk your duty, to alter or abolish despotism doesn't mean others won't take up the slack.

I'm sure you two hate the law breaking whistleblowers behind ClimateGate for ruining the tyrannical Global Warming scam too, right?  

[fancy_pants]

I can just see 4000 direct calls bright and early tomorrow:  "Hello Mr. so-and-so?  This is Gus Grisham from IT.  We've had a security issue and I just need to get your current password to the system so I can change it down here on my end."

[evolve]

When we see massive internet censorship or a complete lockdown, we can all think Anonymous/LulSec/whatever the hell they call themselves these days.

No, we can thank the over reaching government that passes these regulations.

Do you punish all of your children when one of them does something wrong? No? Why not? Because that would be ridiculous! It certainly doesn't send the correct message.

It would absolutely be ridiculous, which is what my government does best.  I don't know if you are in the US, but over here the government uses whatever reason it can find to expand its control.  Anonymous is handing them that reason on a silver platter.

[piramida]

so you are being a good citizen, turning around and receiving it from your government, and hating those that don't? because you are afraid the master would punish you again? what a brave man you are.

[evolve]

Right, because a bunch of script kiddies vandalizing websites and shit does a whole lot to "fight the government".  Way to stick it to the man, tough guy.  

 

[twolifeinexile]

This is a huge story.
I support peaceful action, not cyber-crime.

This kind of action always backfire, never good for the cause, (whatever cause those hackers are pursuing)

[twolifeinexile]

Probably the later.  IIRC FedWire uses asymetric encryption to sign transactions with the bank's private key. The whole PKI nine yards with CA, key revocation, HSM (hardware devices to securely store private keys).  How each bank chooses to sign transactions is up to internal policy but it isn't like FedWire is a web app which each bank CEO logins from his personal computer using his weak password and approves $250,000,000 worth of daily wire transfers.

In a way, it is pretty much like bitcoin... Did you notice? "private key signed transaction".

[iCEBREAKER]

Right, because a bunch of script kiddies vandalizing websites and shit does a whole lot to "fight the government".  Way to stick it to the man, tough guy.  

WikiLeaks cause an international furor.

Heads rolled because of ClimateGate.  Al Gore's ManBearPig baloney was finished off for good.

Minimize and sneer all you like.  And enjoy your servitude.  Hope you like the taste of jackboot polish, toady.

[evolve]

You really think that supporting Wikileaks or (hahahahaha) "Climategate" changed anything??? REALLY?

Maybe you should pull Anons dick out of your mouth for 2 seconds and look around, because both of those had zero impact on US goverment operations or procedures.  

Fucking "Climategate" as an attack on "jackboot" thugs? Hahahahahahahahahahahahahahahaha

[iCEBREAKER]

You really think that Wikileaks or (hahahahaha) "Climategate" changed anything??? REALLY?
both of those had zero impact on US goverment operations or procedures.  

No impact?  What an extraordinary claim.  Too bad your mere assertions have zero evidence to back them up, unlike my references to well known facts about current events. 

Incredulity is not an argument.  Well, obviously for the inferior likes of *you* it is, but it's not a valid argument.

Your logical fallacy is explained here:  http://rationalwiki.org/wiki/Argument_from_incredulity

Please educate yourself better before suffering further public embarrassment. 

And yes, Climategate and Wikileaks both had non-zero impacts on government operations and procedures.

Climate e-mail hack 'will impact on Copenhagen summit'
http://news.bbc.co.uk/2/hi/science/nature/8392611.stm

"Climategate did for the global warming controversy what the Pentagon Papers did for the Vietnam war 40 years ago: It changed the narrative decisively."
http://en.wikipedia.org/wiki/Climategate#Public_opinion_and_political_fallout

You actually believe ManBearPig is real, and super cereal.  How unsurprising; how typically bootlicker.   

Weighing the impact of the WikiLeaks disclosures
articles.washingtonpost.com/2011-05-04/lifestyle/35264588_1_release-of-diplomatic-cables-wikileaks-government-secrecy

WikiLeaks' growing impact 
news.blogs.cnn.com/2010/11/29/what-is-wikileaks-2/

WikiLeaks in Latin America: Online Whistleblower’s Wide Impact in Region Where Assange Seeks Asylum
http://www.democracynow.org/2012/8/3/wikileaks_in_latin_america_online_whistleblowers

Analysis: Impact of Wikileaks' US cable publications
http://www.bbc.co.uk/news/world-us-canada-11918573

The Power of Information and the Impact of Wikileaks in Latin America
http://www.policymic.com/articles/12542/the-power-of-information-and-the-impact-of-wikileaks-in-latin-america

Cablegate One Year Later: How WikiLeaks Has Influenced Foreign Policy, Journalism, and the First Amendment
https://www.eff.org/deeplinks/2011/11/cablegate-one-year-later-how-wikileaks-has-influenced-foreign-policy-journalism

Again, please get some education before further embarrassing yourself.  You've got a lot of catching up to do young man!

[evolve]

Anonymous =/= Wikileaks.  Anonymous supported Wikileaks (and doesnt anymore since Wikileaks put up the paywall) but Wikileaks is an independant organization. You are giving anonymous credit for other peoples work, and no that support did not change government operations or policy.

Same thing with "Climategate";  There is no conclusive proof that the hacker was affiliated with anonymous. Furthermore, the hacked documents do nothing to disprove global warming (I can go into how peer review and science in general works, if I need to) nor did it change operation or policy of the us government.

You seem to be confused on the issues, and the discussion in general. 





 

[alexanderanon]

You really think that Wikileaks or (hahahahaha) "Climategate" changed anything??? REALLY?
both of those had zero impact on US goverment operations or procedures.  

Incredulity is not an argument.  Well, obviously for the inferior likes of *you* it is, but it's not a valid argument.

Your logical fallacy is explained here:  http://rationalwiki.org/wiki/Argument_from_incredulity

Please educate yourself better before suffering further public embarrassment. 

...

Again, please get some education before further embarrassing yourself.  You've got a lot of catching up to do young man!

What are you, 17?

Do you interrupt people in real life informing them of what logical fallacy they just committed? The argument from incredulity is an argument that amounts to, "I consider your statement to be so trivial as to not deserve thorough repudiation." I actually do think wikileaks has had an impact, but shit, you're just a pretentious twat.