Federal Reserve Hacked Late on Tuesday

Federal ReserveThe Federal Reserve said that one of its internal websites had been hacked on Tuesday. It’s unclear who did the hacking but the Feds say that the hackers were not able to do any serious damage. Reuters says that, “no critical functions of the central bank were affected by the intrusion.” The internal website that the hackers breached was a contact database for banks to use during a natural disaster—basically, execs used it to update the Federal Reserve on whether or not their operations have been damaged in a disaster. It was not a public website. A Fed spokeswoman said: “The Federal Reserve system is aware that information was obtained by exploiting a temporary vulnerability in a website vendor product… Exposure was fixed shortly after discovery and is no longer an issue. This incident did not affect critical operations of the Federal Reserve system.”

Read the full story at Gizmodo.

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Shelly Palmer

Shelly Palmer is Managing Director, Digital Media Group at Landmark Ventures/ShellyPalmer a technology focused Investment Banking & Advisory practice specializing in M&A, Financings, Strategic Partnerships and Innovation Access. He is Fox 5 New York's On-air Tech Expert and well known for his work on Fox Television's Shelly Palmer Digital Living as well as his daily radio report on United Stations Radio Networks. For more information, visit shellypalmer.com.

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