As NSA Pairs With Banks To "Fight Hackers", Will It Also Gain Access To Every American's Financial Secrets?

Tyler Durden's picture




 

Just because there was not enough encroachment by the government into virtually every corner of private life, here is another "collaboration" that will further enmesh big brother into every aspect of private life, in this case private financial life, because as the WaPo reports, "major U.S. banks have turned to the National Security Agency for help protecting their computer systems after a barrage of assaults that have disrupted their Web sites, according to industry officials. The attacks on the sites, which started about a year ago but intensified in September, have grown increasingly sophisticated, officials said. The NSA, the world’s largest electronic spying agency, has been asked to provide technical assistance to help banks further assess their systems and to better understand the attackers’ tactics."

And while we salute the great diversionary pretext that "Iranian hackers" pose a greater risk to the stability of the US financial system than, say, the ongoing monetization of US debt at a pace of $85 billion per month, which has made the Fed's DV01 rise to a mindboggling $2.75 billion, or idiot pundits who claim all American problems can be resolved with one coin, we can't help but wonder what happens when the most intrusive of US spy agencies, one which as reported last year is free "to intercept, decipher, analyze, and store" virtually every electronic communication in the entire world, now has full explicit access to all bank data, and, incidentally, every American's financial snapshot at any given moment?

More on the official spin:

The cooperation between the NSA and banks, industry officials say, underscores the government’s fears about the unprecedented assault against the financial sector and is part of a broader effort by the government to work with U.S. firms on cybersecurity. Nonetheless, the assistance is likely to dismay privacy advocates, who say that the NSA has no business peering inside private companies’ systems, even if for the strict purpose of improving computer security.

 

U.S. intelligence officials said last year they believe the attacks against the banks and other companies have been carried out by Iran, although some experts have cautioned that it is difficult to accurately determine who is behind them.

 

The banks whose Web sites have been disrupted include Bank of America, PNC Bank, Wells Fargo, Citigroup, HSBC and SunTrust. In recent weeks, attackers have targeted up to seven banks a day, but only on Tuesdays, Wednesdays and Thursdays.

So Monday and Friday are holy days for Iranian hackers we take it?

It appears that the private anti-hacker sector is completely powerless to withstand this massive onslaught of millions of Iranian hackers hell bent on seeing just how much money the average American has in their Bank of America online account page:

The banks whose Web sites have been disrupted include Bank of America, PNC Bank, Wells Fargo, Citigroup, HSBC and SunTrust. In recent weeks, attackers have targeted up to seven banks a day, but only on Tuesdays, Wednesdays and Thursdays.

Enter the NSA, which has generously agreed to provide its expertise in learning all there is to know about everyone's finances thwarting evil Iranian hacks.

The government’s willingness to engage “is emblematic of how these cyber-related risks are evolving,” the bank official said. “Agencies like the NSA have tremendous expertise for very sophisticated types of information-security programs.”

 

In general, it can provide assistance to private-sector companies when their systems are seen as critical to national security, said Richard George, a former computer security official at the NSA. The request must come from a government agency, such as the Treasury Department or the Department of Homeland Security, that has authority to work with the company.

But don't worry - the NSA is with the government, and it is here to help:

“The dual mission of the NSA, to promote security and to pursue surveillance, creates an intractable privacy problem,” said Marc Rotenberg, executive director of the Electronic Privacy Information Center.

 

Former NSA officials say privacy concerns are overblown and note that requests for NSA assistance are denied when there is no national security interest at stake. George said that, over the past decade, the agency has aided about 10 companies a year after their networks were compromised.

 

“If NSA is involved [with the banks], it’s because they would love to see what’s happening on the victim’s side,” a second former defense official said. “There’s probably more for the government to learn than to give.”

In conclusion:

The NSA declined to comment for this article beyond a statement saying that the agency provides assistance “in full compliance with all applicable laws and regulations.”

Enlighten us, please, which applicable laws and regulations are these? The same ones that give the government the right to detain citizens indefinitely. Or the one granting it the right to spy and monitor all Americans' emails and calls without a warrant? Because we are confused.

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Mon, 01/14/2013 - 12:37 | 3150809 monad
monad's picture

"I'll be right back." - Vince Foster's last known words, to his secretary

Sun, 01/13/2013 - 14:19 | 3149003 johngaltfla
johngaltfla's picture

They already have it. The NSA database in Utah is designed to "capture" all transactions. However, the government only selectively reviews the data when it needs to.  Thus if you do anything electronically it has a registered fingerprint with the .gov. To make matters worse, look for prohibitions against large cash transations to come as the government attempts to prepare us for a new taxation regime where all sales, VAT, and income taxes are executed at the point of sale along with paycheck issuance, etc. In the end, the .gov plan is to eradicate the 1040 nonsense, corporate tax gaming performed by small S types and individual filers and collect the minute money begins to move.

 

The only freedom you will have is that where you engage in business with a like minded soul because before it is over, cash will become illegal to use for the majority of transactions.

Sun, 01/13/2013 - 14:36 | 3149051 DoChenRollingBearing
DoChenRollingBearing's picture

Gold.  Silver.  Ammo.

Even CA$H, before it's too late.  Time's a wastin'...

Sun, 01/13/2013 - 15:12 | 3149126 CH1
CH1's picture

However, the government only selectively reviews the data when it needs to

Don't bank on it, John. A few thousand sycophant engineers are working up new algorithms as we speak.

The Pre-Crime modules will be added soon, if they're not being loaded already.

Sun, 01/13/2013 - 17:03 | 3149319 hidingfromhelis
hidingfromhelis's picture

Why am I envisioning a sting operation where four full time FBI agents spend 2 months  enticing me to pay cash for a dozen eggs from my neighbor, produced by their backyard chickens?  If you see something, say something!

Sun, 01/13/2013 - 17:42 | 3149369 tip e. canoe
tip e. canoe's picture

this is the psyops portion of the Plan: to make you think twice before you pay cash to buy eggs from your neighbor.   but since you would be using FRN's in this example, technically, you would be breaking the "Law".

i'll sell ya a dozen eggs for a quarter:

http://www.coinflation.com/coins/1932-1964-Silver-Washington-Quarter-Val...

 

Sun, 01/13/2013 - 16:13 | 3149237 seek
seek's picture

Exactly. It's difficult to imagine anyone seriously believes they don't already have access to this data.

However, I'm sure it's reviewed in near real-time, just like the credit card companies analyze transactions for fraud signatures, I'm positive the government is analyzing banking transactions for all sorts of different classifications.

Cash, AU, barter, bitcoin. A thousand years of history and black markets show that in spite of government beliefs to the contrary, free financial transactions can't be prevented.

Sun, 01/13/2013 - 14:20 | 3149008 wandstrasse
wandstrasse's picture

Ministry of Plenty, Ministry of Love, Ministry of Truth - here we come.

Sun, 01/13/2013 - 17:35 | 3149012 zilverreiger
zilverreiger's picture

the cyber 9/11 casus belli : iran ddosses JPM and JPM pulls the rug from under the economy

blame goes on iran

 

 

EDIT: THERES A BIG TRAINING OPERATION PLANNED FOR CYBER ATTACK SCENARIO IN CHICAGO AREA JAN 16     source: anonymous tip to  http://478.nashownotes.com/

 

Sun, 01/13/2013 - 14:24 | 3149016 Gunga
Gunga's picture

Nullification at the individual, county and state level is one way to fight the feral government. We need to starve the beast and it's corporate sponsors.

Sun, 01/13/2013 - 14:25 | 3149019 A Lunatic
A Lunatic's picture

I closed out my accounts last week. Gotta stay on top of these corrupt Fascist Mother Fuckers I tell ya.....

Sun, 01/13/2013 - 14:26 | 3149025 otto skorzeny
otto skorzeny's picture

starting to cash out my IRAs and depositing in the Bank of Stearns and Foster.

Sun, 01/13/2013 - 14:37 | 3149060 DoChenRollingBearing
DoChenRollingBearing's picture

That is a good move otto.  I cashed out of my IRA years ago, paid the taxes and penalties, but now the money is MINE.  Or at least it was until my recent ice-fishing accident.

Sun, 01/13/2013 - 17:44 | 3149373 tip e. canoe
tip e. canoe's picture

those damn tippy canoes

Sun, 01/13/2013 - 15:43 | 3149173 formadesika3
formadesika3's picture

You're engaged in crime of pre-profiteering, according to three minority reports.

Sun, 01/13/2013 - 20:11 | 3149558 victor82
victor82's picture

Gotta hand it to the Jews. Packed briefcase, a raincoat, and an umbrella by the front door.

Sun, 01/13/2013 - 20:11 | 3149559 victor82
victor82's picture

Gotta hand it to the Jews. Packed briefcase, a raincoat, and an umbrella by the front door.

Mon, 01/14/2013 - 00:04 | 3149901 Real Estate Geek
Real Estate Geek's picture

But where to go?  America is gone.

Mon, 01/14/2013 - 02:23 | 3150046 MeelionDollerBogus
MeelionDollerBogus's picture

Uruguay, Chile, Canada ... Singapore, Thailand ...some say Burma but I seriously question that.

Mon, 01/14/2013 - 03:07 | 3150066 formadesika3
formadesika3's picture

"But where to go? America is gone."

America is asleep.

Sun, 01/13/2013 - 14:30 | 3149021 otto skorzeny
otto skorzeny's picture

I think the Iranians are hacking into bank accounts just to have a good laugh at how little petrodollars the average Amurican has saved up. Then they go back to saying a big FU to Uncle Sam as they stock up on payments for their oil from the Chinese and Indians in gold. Next up-"Operation Persian Freedom".

Sun, 01/13/2013 - 14:31 | 3149035 FeralSerf
FeralSerf's picture

I think the Zionists are hacking into bank accounts to keep the livestock agitated not knowing where their next meal or rent payment is coming from.  The livestock will then beg Big Brother to help them protect their bank accounts.  The wolf will then diligently guard his flock of sheep, feasting therefrom as desired.

Sun, 01/13/2013 - 14:35 | 3149040 A Lunatic
A Lunatic's picture

Iranian hackers=Anonymous=NSA...........It's just a matter of which entity best fits the narrative of the day. Make no mistake, it all ends with a Police State, lots of arrests at zero dark thirty, and a shitload of misery; for you and me......

Sun, 01/13/2013 - 15:00 | 3149101 Dugald
Dugald's picture

Must be just so wonderfull to be an American, and with such a rosy future.....

Sun, 01/13/2013 - 16:14 | 3149241 formadesika3
formadesika3's picture

 

Growing political, economic, military, ties between China and Iran.

Israel theatens war with Iran.

Israel seeks pledges of assistance against Iran from US, but without success.

Then-PM of Japan, Shinzo Abe, visits Yasukuni Shrine 2006, thus insulting China.

Shinzo Abe supports independence of Taiwan and strengthening of Japanese SDF.

Japan and China dispute over Senkaku/Diaoyu Islands heating up 2013.

US obligated by treaty to provide military assistance to Japan.

Shinzo Abe reelected PM in December 2012 voicing tough stance on Senkaku Islands.

Abe = Abraham.

THE JEWS ARE BEHIND IT!

 

Sun, 01/13/2013 - 19:56 | 3149543 formadesika3
formadesika3's picture

evil Scar sez:

iTroll, bitchez.

Sun, 01/13/2013 - 20:13 | 3149560 victor82
victor82's picture

No, no. The Banksters have chosen Left Wing front men, er, "persons", this go-round. It's not a "rosy" future, it's the "Radiant" future!

Sun, 01/13/2013 - 21:44 | 3149726 Curiously_Crazy
Curiously_Crazy's picture

Nah. With very few exceptions Anonymous are just a group of bored kids who couldn't hack their way out of a paper bag. All they do are ddos attacks and fuck all else. That's why they were totally outgunned trying to 'takedown' an onion routing system (Tor) a few years back. Silly bastards didn't even know how the protocol worked and they blatently just made shit up for their pastbin posts.

Sun, 01/13/2013 - 14:30 | 3149031 SilverDOG
SilverDOG's picture

Frankly, I don't give a damn.

Get off, out, away from, independent of; THE SYSTEM.

Sun, 01/13/2013 - 15:16 | 3149132 CH1
CH1's picture

Get off, out, away from, independent of; THE SYSTEM.

YES.

Sun, 01/13/2013 - 17:48 | 3149380 tip e. canoe
tip e. canoe's picture

You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.  - bucky

Sun, 01/13/2013 - 14:31 | 3149036 brockhardman
brockhardman's picture

Headine for March, 2013 - Iran hacks US banks and money goes missing.  There is no trace of where it went, but security experts are sure it was Iran.  Or Russia.  Yeah, it was definitely one of those two.

Sun, 01/13/2013 - 14:35 | 3149045 tooriskytoinvest
tooriskytoinvest's picture

BREAKING & CONFIRMED: Wal Mart Is NOT Going To Order Any More Ammo.

http://investmentwatchblog.com/breaking-confirmed-wal-mart-is-not-going-to-order-any-more-ammo/

 

Sun, 01/13/2013 - 14:41 | 3149066 otto skorzeny
otto skorzeny's picture

that's dicked up. I wonder if the US will cut off ammo imports from Russia-they produce alot of it over there.

Sun, 01/13/2013 - 15:08 | 3149116 lakecity55
lakecity55's picture

We will probably see an EO very soon prohibiting any importation of ammunition.

Maybe within 10 days.

Sun, 01/13/2013 - 15:21 | 3149140 Beam Me Up Scotty
Beam Me Up Scotty's picture

Can't buy any .223 anywhere.  Shelves are bare.

Sun, 01/13/2013 - 15:51 | 3149196 smlbizman
smlbizman's picture

sounds like a tremendous oppurtunity for the re-loader guy.......

Mon, 01/14/2013 - 11:27 | 3150580 IrritableBowels
IrritableBowels's picture

cheaperthandirt.com

Sun, 01/13/2013 - 20:15 | 3149563 victor82
victor82's picture

Which just goes to prove that we have a government that knows nothing about Black Markets.

Except for Soros, who will buy up Kalashnikov and start smuggling AK's into the U.S. to make a quick profit.

Sun, 01/13/2013 - 19:52 | 3149532 Sabibaby
Sabibaby's picture

 

BREAKING & CONFIRMED: Wal Mart Is NOT Going To Order Any More Ammo.

http://investmentwatchblog.com/breaking-confirmed-wal-mart-is-not-going-to-order-any-more-ammo/

 

This is not true. I have confirmed this with four different Walmarts .

 

Sun, 01/13/2013 - 14:37 | 3149050 jonjon831983
jonjon831983's picture

"Whistle-Blower Outs NSA Spy Room" http://www.wired.com/science/discoveries/news/2006/04/70619

2006 article

"Klein's job eventually included connecting internet circuits to a splitting cabinet that led to the secret room. During the course of that work, he learned from a co-worker that similar cabinets were being installed in other cities, including Seattle, San Jose, Los Angeles and San Diego.

"While doing my job, I learned that fiber optic cables from the secret room were tapping into the Worldnet (AT&T's internet service) circuits by splitting off a portion of the light signal," Klein wrote.

The split circuits included traffic from peering links connecting to other internet backbone providers, meaning that AT&T was also diverting traffic routed from its network to or from other domestic and international providers, according to Klein's statement."

Sun, 01/13/2013 - 15:19 | 3149137 CH1
CH1's picture

Isn't it amazing that this has been known since 2006, and yet almost no one knows?

Sun, 01/13/2013 - 16:10 | 3149232 CrockettAlmanac.com
CrockettAlmanac.com's picture

I knew but no one listens to me. Except the NSA, of course. Hi guys!

Sun, 01/13/2013 - 18:27 | 3149430 Umh
Umh's picture

Long before 2006.

Sun, 01/13/2013 - 14:36 | 3149053 Kaiser Sousa
Kaiser Sousa's picture

yeap, yet another reason among all the others to vacate as much as possible from the bankers fractional reserve system and institutions...

by the time those who havent finally realized it was always designed to enslave them in a myriad of ways it will b much too late...

and man im so dumb for stacking real money beyond the reach of our banker controlled government, its Treasury Dept, the banks and the parasitc Criminal Reserve...

dumb, dumb, dumb........... 

Sun, 01/13/2013 - 14:36 | 3149056 Klazy Plick
Klazy Plick's picture

Crime, once again, the hand inside the government glove.

Sun, 01/13/2013 - 14:38 | 3149062 palmereldritch
palmereldritch's picture

More synthetic terrorism/false flags as a reason to advance the police state into new realms.

Internet, meet your TSA.

Sun, 01/13/2013 - 14:39 | 3149063 de3de8
de3de8's picture

Just more evidence that will never be the same.

Sun, 01/13/2013 - 14:43 | 3149070 otto skorzeny
otto skorzeny's picture

brave new world

Do NOT follow this link or you will be banned from the site!