Cleveland Fed Insists Its Hacked Network Was "Test Only"

If you've been under a rock for the last few days, you probably haven't heard about the Malaysian hacker who got into Fed systems and lifted hundreds of thousands of credit card numbers from other bank institutions. If you briefly glanced at the media during all of this, you may have read incorrect reports that made it sound like the guy got into the Fed and snatched credit card numbers from there but we are assured that the Dirty Fed is not in the business of hoarding financial information unless we're talking about the Treasury's allowance account.

Still disconcerting, the Cleveland Fed is saying its compromised PC was little more than a programmer sandbox and not actually connected to Fedwire or any other sensitive network of Dirty Fed machines. Shit.

PC World:

The Secret Service says it found more than 400,000 bank card numbers on Poo's laptop at the time of his arrest. But those numbers apparently did not come from the Fed, which said Friday that none of its sensitive data was compromised during the incident. "We don't process credit cards or debit card information," said June Gates, a spokeswoman with the Federal Reserve of Cleveland.

According to Gates, the hacker managed to break into a single Fed test PC that was connected to other test computers. "This is a system that is used to test software and applications with fake data and information," she said. "The incident did not involve our live production system on which we process our work."

"Fake data and information"... like those dollars that Bernanke is wildly printing?

Strange, though, because the DOJ complaint alleges that Poo's FRB funtime cost the Cleveland Fed "thousands of dollars" and affected at least 10 Fed computers, which is quite an exaggeration from the Fed's claim of one:

In his post-arrest statement, the defendant admitted compromising the computer servers of a number of major financial institutions and companies.For example, the defendant admitted that he compromised a computer network of the Federal Reserve Bank (“FRB”) by exploiting a vulnerability he found within their secure system.The FRB in Cleveland, Ohio has confirmed that an FRB computer network was hacked in approximately June 2010, resulting in thousands of dollars in damages, affecting ten or more FRB computers, and forming the basis for Counts Three and Four.

So either the Fed is minimizing or those tards at the DoJ can't count. I'll leave dear reader to do the wild speculating, I'm done with this subject.

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.


W.C. Varones said...

The Dirty Fed is lying? I'm shocked!


I have it on good authority that it's the prosecutors that are retarded and for once the Dirty Fed is telling the truth.

Who knows.

But just keeping with a theme, here's a great example of complete and total Fed bullshit from their website:

What are U.S. notes, and how do they differ from Federal Reserve notes?

U.S. notes, the first national currency, began circulating during the civil war; they were authorized by the Legal Tender Act of 1862. The Department of the Treasury issued these notes directly. Issuance was subject to limitations; the Congress established a statutory limitation of $300 million on the amount of U.S. notes outstanding and in circulation. Although this amount was significant in Civil War days, it is a very small fraction of the total currency now in circulation in the United States.

U.S. notes serve no function that is not already served by Federal Reserve notes. As a result, the Treasury Department stopped issuing U.S. notes, and none have been placed into circulation since January 21, 1971. Those that remain in circulation are obligations of the U.S. government.

The Federal Reserve Act of 1913 authorized the production and circulation of Federal Reserve notes. Although printed by the Bureau of Engraving and Printing (BEP), these notes move into circulation through the Federal Reserve System. They are obligations of both the Federal Reserve System and the U.S. government.

Both U.S. notes and Federal Reserve notes are part of our national currency and are legal tender. They circulate as money in the same way.

*tsk tsk*

Pinky Swear said...

The Reserve Banks can't investigate a simple information security breach and decide whether they need to change anything for less than several thousand dollars. If a hacker stole any real data, the cost would be expressed in millions or hundreds of thousands anyway.