Paul Roberts

Carbon Trading Halted After Hack Of Exchange

The European Commission (EC) suspended trading in carbon credits on Wednseday after unknown hackers compromised the accounts of Czech traders and siphoned off around  $38 million, according to published reports.


CORRECTION: This article originally included the incorrect name for an associate of  A.Q. Khan. The correct name of the associate is “Friedrich Tinner,” a Swiss nuclear engineer. The name has been corrected in the article.The author of a new book on the evolution of the world’s first nuclear black market says that Stuxnet is just the latest in a long string of efforts by the U.S. and its allies to slow or stop the creation of nuclear programs by rogue nations.

The U.S. Government’s watchdog, the Government Accountability Office (GAO) has warned that the rapid adoption of so-called “smart grid” infrastructure in the U.S. electric industry is going forward without adequate planning for cybersecurity and the combined physical and cyber attacks that are likely to occur.

Details of the Stuxnet worm’s origins and functioning have been seeping into the media, tidbit by intriguing tidbit, since last Summer, when news of the worm went mainstream. But a new exclusive from the New York Times breaks the Stuxnet story wide open, confirming oft-cited theories that it was a state-sponsored attack and pointing the finger at both the U.S. and Israel as the creators of the worm.

China’s Computer Emergency Response Team (CERT) admitted that it missed a September e-mail message from a researcher at NSS Labs that pointed out a critical vulnerability in a commonly used SCADA (Supervisory Control And Data Acquisition) software package. The lapse resulted in a gap of almost four months before the hole was patched.

The Web sites of some of the nation’s top universities were discovered to be serving up links to bogus online stores offering everything from popular software by Microsoft to student visas and Viagra, according to a report from security firm zScaler.