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trading markets is systematic consolidation. Another is to build the super hubs. “The Exchange really has no choice if they plan to remain the major world player,” Benting said in response to the Bearing Institute report. “If they don’t do it, someone else will.”
    It is projected that the bulk of those secret super hubs will be operational within five years. They are designed to be indispensable to any significant trade, anywhere in the world. Even if a trade were to take place outside the NYSE system, some of its elements must pass through one or more of the Exchange’s super hubs, incurring access fees as they do so. NYSE is a concentration of potential financial influence never previously known.
    The problem Benting points out is that by consolidating the flow of data through a handful of key physical locations, the NYSE exposes itself to physical attack. Such an attack could come from a warring nation or from terrorist organizations. “We must keep in mind that the attacks on 9/11 were directed at the World Trade Center in New York City,” Benting said. “The financial underpinnings of the Western economy remain a prime target for them [al-Qaeda].”
    The irony is that the Internet was created by the United States Department of Defense to have maximum redundancy in the event of nuclear attack. The network is based on spreading the flow of data to as many different routes as possible. If any portion is taken offline, the others will take over.
    The NYSE is taking the exact opposite approach.
    “They are doing this for economic reasons,” accused one critic, “not to safeguard the world financial system. We trust them with our assets when by their actions they demonstrate they are undeserving of that trust.”
    TAGS : MANNING BENTING , BEARING INSTITUTE , NYSE EURONEXT , SUPER HUBS
    Cyber Security News

 
    6
    COPACABANA BEACH
    RIO DE JANEIRO
    12:41 P.M.
    Victorio Manuel da Silva-Bandeira—or Victor Bandeira, as he more commonly called himself—took in the sweep of the azure South Atlantic through his Chopard sunglasses and estimated he’d take another hour in the sun and sand.
    It was a warm spring day in Rio, the temperature approaching eighty, with a light wind off the water. The sky and sea were so closely matched in color as to blend into one. The majestic Sugarloaf Mountain commanded the landward view.
    Bandeira sat in a low white lounge chair protected by an expansive umbrella. Beside him on the sand were a rumpled beach towel and a small table for drinks and food. Bandeira sighed contentedly as he set an empty beer bottle down. It had been too long since he last did this. As a boy, and later as a teenager, he’d spent every day he could on the beach. What had happened?
    Life, he thought, life is what happened.
    Spread across the fine sand was the usual crowd for this time of year: couples, pairs of friends, residents of the hotel, and the occasional family. Around the point was Ipanema beach. There the beach was carefully, though informally, sectioned off—couples here, teenagers there, families in this place, sports enthusiasts playing on their stretch, the entirety of the famous expanse demarcated for organized use.
    Copacabana was different, had always been different. Extending along its stretch across the street were the resort hotels, the beach before them designated as exclusive territory by modest flags. No intruders, no roaming packs of disruptive youths, no vendors in irritating numbers. Each area was meticulously maintained and carefully serviced by attentive hotel staff.
    The only exception to the rules of beach occupancy was made for lovely young women, who were always welcome. This was, after all, Brazil. From his chair, Bandeira tipped his head to more carefully examine the two women lying on oversized beach towels not that far away. He’d wondered about them at first, but when his bodyguard, Paulinho, standing between Bandeira and the roadway, shook his head lightly he decided