Federal Reserve

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.

Shelly Palmer

Shelly Palmer is Managing Partner at Palmer Advanced Media, a technology-focused strategic advisory practice that helps Fortune 500 companies and growth-stage companies with digital strategy, data science, marketing, branding, and business development. He is Fox 5 New York's on-air tech and digital media expert and a regular commentator on CNBC and CNN. @shellypalmer or visit shellypalmer.com.

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"Federal Reserve Hacked Late on Tuesday" by @ShellyPalmer