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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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Sun, 01/13/2013 - 16:58 | 3149312 All Out Of Bubblegum
All Out Of Bubblegum's picture

Sent but it might take a minute to show up in the blockchain:

http://blockchain.info/address/19uysjrgpZkPJBYSXPZeatpU3nnNwPWn4a

Let me know how long it takes you to lose it. 

Sun, 01/13/2013 - 17:02 | 3149318 seek
seek's picture

It has arrived. I'll have to bring in my gambling specialist for this, she'll be overjoyed considering how little my mining op lately has produced for her entertainment.

 

PS: Thank you!

Sun, 01/13/2013 - 17:05 | 3149323 All Out Of Bubblegum
All Out Of Bubblegum's picture

My gambling specialist loves it too. She plays poker on her tablet and I don't hear a peep out of her for minutes sometimes.

Sun, 01/13/2013 - 18:01 | 3149394 seek
seek's picture

... and just got my 6th confirmation. I'll get out the stopwatch once the assistant starts spending.

Sun, 01/13/2013 - 16:45 | 3149296 sessinpo
sessinpo's picture

Wow, someone actually thinks they don't already have this info?

Sun, 01/13/2013 - 16:59 | 3149315 Mi Naem
Mi Naem's picture

Yeah, I assumed they did, too.  And I'm pretty skeptical of any assertion that they don't. 

Sun, 01/13/2013 - 17:00 | 3149301 Kastorsky
Kastorsky's picture

 

here is how jews play you:

Fake victims and fake parents of another jew false flag - Tucson shooting.

All - jews, every one.

1.  jew lies

 

http://www.youtube.com/watch?feature=player_embedded&v=2Za8SOVuGHs


2. Christina Taylor Green and the whole crew Exposed! PT1-2

 

http://www.youtube.com/watch?v=AfScPPysADQ&feature=player_embedded

 

Sun, 01/13/2013 - 17:34 | 3149325 Kastorsky
Kastorsky's picture

wait! it gets better!

jew grandfather of the undead jew girl "victim" of "gun violence" is 

Maurice Raymond "Hank" Greenberg -  is an American business executive and former chairman and CEO of American International Group (AIG)

 

http://en.wikipedia.org/wiki/Maurice_R._Greenberg


Sun, 01/13/2013 - 17:42 | 3149368 Carl LaFong
Carl LaFong's picture

Gen 12:3

And, BTW, go FUCK YOURSELF, Kastorsky.

Mon, 01/14/2013 - 02:01 | 3150034 MeelionDollerBogus
MeelionDollerBogus's picture

#4 Jewpacabra

oh no, THERE'S A JEW UNDER YOUR BED!! RUN, FORREST, RUN!

Sun, 01/13/2013 - 17:43 | 3149358 AgAu_man
AgAu_man's picture

Q: What would Sun Tzu do to counter the NSA?

A: Play to their weaknesses and his Army's strength.

Their strength and you weakness is: Tons of technology and Bandwidth of same.

Anyone who thinks they have 'privacy' in a hi tech environment, is an idiot, a fool or a shill.

If they go hi tech, you go low tech. Don't just 'rage against the Machine'. The masses have human bandwidth that the machine does not. Their weakness is your strength. The not only secret societies (Skull & Bones, etc) but also 'open societies with secrets' (Freemasons). Do you?

Asymmetry is your friend, young Jedis.

Sun, 01/13/2013 - 17:44 | 3149374 Kastorsky
Kastorsky's picture

lie, lie, lie everywhere.

Give fake info everywhere.

Misspell name - if anything you can blame it on fat finger customer rep.

 

As far as cell phones - I know you can go with "red pocket" month by month - every month new number. 

$25 - 100min. 

They don't ID, just put some name on the contract- use Linda Green if you like.

Untraceable. 

 

Email - use truecrypt on text files - send them as attachments. 

Unbreakable. 

Mon, 01/14/2013 - 01:56 | 3150030 MeelionDollerBogus
MeelionDollerBogus's picture

better than GPG?

Sun, 01/13/2013 - 18:18 | 3149419 AgAu_man
AgAu_man's picture

G*d Dammit, my smart-phone suddenly went haywire, as I was editing my post.  Had to go to my PC.  Long boot, etc.  Allow me to re-post the edited text:

"They not only have secret societies (Skull & Bones, etc), but also 'open societies with secrets' (Freemasons)."

Sun, 01/13/2013 - 21:08 | 3149674 Urban Roman
Urban Roman's picture

Turns out your smartphone needed an unscheduled software update. 

Mon, 01/14/2013 - 01:50 | 3150026 MeelionDollerBogus
MeelionDollerBogus's picture

Yup, NSAWare Firmware update 2.01.WTF.beta

Sun, 01/13/2013 - 17:40 | 3149366 bugs_
bugs_'s picture

you can't spell BANKS without NSA

Sun, 01/13/2013 - 17:42 | 3149370 Vuke
Vuke's picture

Some Iranian hacked into my online account.  He was so distressed seeing my balances and credit cards he deposited $500 bucks.  Nice.

Sun, 01/13/2013 - 17:47 | 3149377 Atomizer
Atomizer's picture

Dear NSA,

 

We can pay to use an assortment of capitalistic internet service choices. We purchase a computer to notch up your GDP scoring. Where is our groupon, Fuckface, or twatter account  promo code to discount the cost we pay for you to steal our broad bandwidth/privacy? Personal invasion is a double edged sword. Most hackers want to know how your spending taxpayers monies. If your cheating the system, hackers will exploit you. Your only fear is to get caught doing something illegal. Think about that for a moment.

 

Let’s work together, not against! Don't kid yourself, the public knows whats going on.

Sun, 01/13/2013 - 18:55 | 3149445 sitenine
sitenine's picture

Atomizer, don't kid yourself. Just because you know what's going on, you can't really transposition that knowledge onto the general American population. The VAST majority of the populace are a bunch of fearful fat stupid cows who will continue to erringly trade their freedoms in exchange for perceived security.

Oh, and as for the NSA being caught doing something illegal - LOL - there are no rules, just lots of litter..

Sun, 01/13/2013 - 17:55 | 3149388 putaipan
putaipan's picture

and so one of the most important threads in zh is ended with one of the worst reverse joobaitng troll links available

Sun, 01/13/2013 - 21:41 | 3149719 MeelionDollerBogus
Sun, 01/13/2013 - 19:51 | 3149424 NuYawkFrankie
NuYawkFrankie's picture

Please advise.

 

Just found 17c (a dime, a nickel & 2 pennies) in the lining of an old ski-jacket I picked up at the local church Basement-Fundraiser. (gettin kinda cold sleepin' in a dumpster -  even if it is over a steam-vent  on Park Ave -  so I need the extra "layers")

No idea whether the money has been taxed or not, or whether the coins might be contaminated with illicit drug-residue - or, Heavens Forbid! some kinda payoff from international terrrrists for "services rendered"!

Here's the thing: should I put the "funds" towards the cost of that Babe Ruth candy bar (I just LOVE that CRUNCHY peanut taste!) I've had my eye on - or should I strike a blow for Full Spectrum Surveillance and The NEW American Way by  reporting it  to the NSA

Any advice is greatly appreciated - tia. 

Sun, 01/13/2013 - 19:58 | 3149545 FeralSerf
FeralSerf's picture

It's already been reported to the NSA (at Sun, 01/13/2013 - 18:51).

Sun, 01/13/2013 - 18:26 | 3149427 enoch_root
enoch_root's picture

 

Govt. monitored bank accounts should be considered totally compromised and not at all private, basically all your fiat monies are now beholden to the state. Electronic fiat money is now almost totally traceable, therefore loses fungibility and some of its worth, includes credit card accounts, checking, savings, any electronic money that is govt. fiat. Even gold coin and bullion purchases are becoming traceable ...

... but for everything else there is Bitcoin.

 

Sun, 01/13/2013 - 21:38 | 3149711 MeelionDollerBogus
MeelionDollerBogus's picture

bitcoins are IMPLICITLY traceable. It's silver & gold coins which are not.

Fool. You can't trace what passes from one hand to mine or another. You can always trace bitcoin transit to know who did what, when and where, & interrupt exchanges for bitcoins & raid them of all balances. Completely unsecure in this environment, even worse if the grid itself goes away which is HIGHLY LIKELY.

Mon, 01/14/2013 - 02:21 | 3150040 AgAu_man
AgAu_man's picture

Ever since Bletchley Park and Enigma, the combination of hyper-deviousness, intel and Guv resources, should have taught us that the ONLY method that cannot be compromised, are those that rely on basic laws of physics: old fashioned communication (face to face) in discrete surroundings.

Assume that any HW of US design has a back door for TPTB.

They do not have human bandwidth to surveil every prospect.
That is your strength, their weakness. They will do human tracking only on Priority targets.

Cash and barter are good. Plastic is good for daily stuff of no consequence. Unless you're super paranoid.

Sun, 01/13/2013 - 19:42 | 3149523 Dre4dwolf
Dre4dwolf's picture

It's no secret we are broke.

Sun, 01/13/2013 - 19:54 | 3149536 The Count
The Count's picture

I have a surprise!

I personally know a guy who works for a state agency that monitors and fights hacking. He told me that the number one place hacking comes from is the US itself, followed by China. He said its swept under the rug that most attacks stem from our own country and that China is second. As China is an 'ally' (hahah) the blame is always directed towards other, like Iran.

 

Sun, 01/13/2013 - 21:32 | 3149703 MeelionDollerBogus
MeelionDollerBogus's picture

psst

year is free "to intercept, decipher, analyze, and store"

URL error, someone quoted an entire paragraph instead of the link, as the link.

The%20attacks%20on%20the%20sites,%20which%20started%20about%20a%20year%20ago%20but%20intensified%20in%20September,%20have%20grown%20increasingly%20sophisticated,%20officials%20said.%20The%20NSA,%20the%20world%E2%80%99s%20largest%20electronic%20spying%20agency,%20has%20been%20asked%20to%20provide%20technical%20assistance%20to%20help%20banks%20further%20assess%20their%20systems%20and%20to%20better%20understand%20the%20attackers%E2%80%99%20tactics.

Sun, 01/13/2013 - 22:26 | 3149771 Lost Wages
Lost Wages's picture

They're already able to do all this. This story is just a way to justify something that's already been done behind the scenes.

Sun, 01/13/2013 - 22:37 | 3149780 Totentänzerlied
Totentänzerlied's picture

The title implies the NSA does not already have said access. This premise is ABSURD. There is nothing connected to the internet that the NSA cannot access six different ways.

Mon, 01/14/2013 - 00:31 | 3149948 Acidtest Dummy
Acidtest Dummy's picture

My shame as an American is to allow WAR CRIMINALS to walk free among us. We know their names, we know where they live and we know their crimes. I expect the civilized parts of the world to pressure us in any way they can until there are prosecutions. If we cannot prosecute them, we should send them to the International Criminal Court for prosecution.

      Obama should turn himself in, as an example. For his crimes I'd expect he would be sentenced to weeks or months of house arrest. The other war criminals can expect worse as their crimes against humanity are much more serious.

      Until the criminals are prosecuted the games will continue.

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