K.S. Rajan (20
Jan 2012)
"Hackers attack Arab
stock markets"
Cyber retaliation by Israeli hackers.
From today's FT, FYI,
David
January 17, 2012 8:20 pm
Hackers attack Arab stock markets
By Tobias Buck in Jerusalem
Israeli hackers claim to have opened a new front in the
escalating cyber war with their Arab rivals, by launching an
attack on the websites of stock markets in Saudi Arabia and Abu
Dhabi.
The attack, carried out by a group calling itself IDF Team, came
in reply to a similar hacking assault on Monday that targeted
the websites of the Tel Aviv Stock Exchange and of El Al, the
Israeli national airline. Several Israeli bank websites were
also affected.
The temporary shutdown of the two Israeli sites was claimed by a
pro-Palestinian group by the name of Nightmare, which claims
affiliation with 0xOmar, the Saudi-based hacker who started the
cyber-standoff by posting online the credit details of thousands
of Israelis earlier this month.
The name “IDF Team” refers to the acronym for the Israel Defence
Forces, the Israeli army. The attack came just a week after
another Israeli hacker, Hannibal, posted personal information
about thousands of Saudi Facebook users online: this time in
response to the credit card hack by 0xOmar.
In an internet posting on Tuesday, the Israeli hackers declared:
“If the lame attacks from Saudi Arabia will continue, we will
move to the next level which will disable these sites longer
term [and] may come to weeks or even months. You have been
warned.”
It was not immediately clear how effective the Israeli attack
was. Users trying to access the website of Tadawul, the Saudi
stock market, late on Tuesday were told the page could not load.
The website of ADX, the Abu Dhabi Securities Exchange, was still
accessible, though it appeared to take longer than normal to
load.
Although they caused only minor disruption, the cyber attacks on
El Al and the Tel Aviv stock exchange have raised questions
about Israel’s ability to defend itself against a new and
damaging form of virtual political protest.
Hackers on both sides have left little doubt that their actions
are politically motivated. In an email exchange with Yedioth
Ahronoth, the Israeli newspaper, 0xOmar said that he wanted to
damage Israel “financially and socially”.
Danny Ayalon, Israel’s foreign minister, declared this month
that Israel regarded hacking attack as “comparable to
terrorism”, and vowed to respond forcefully.
Copyright The Financial Times Limited 2012.