New Report Shows Cyber Raids Threaten U.S. Stock Market

It's not just greedy Wall Street bankers that we need to be worried about. Our stock market -- and that of our friends across the pond -- could be threatened by new cyber raids. Virtual attacks on companies and governments increased fivefold over the past two years, according to a new report, and they show no signs of letting up.

Stock exchanges in Britain and the United States have enlisted the help of the security services after finding out they were the victims of cyber attacks, The Times newspaper reported Monday.

The London Stock Exchange (LSE) is investigating a terrorist cyber-attack on its headquarters last year while US officials have traced an attack on one of its exchanges to Russia, according to the British newspaper.

Officials suspect the attacks were designed to spread panic among markets and destabilise western financial institutions.

Read the full story at AFP.