By Ben Bain

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White House dismisses cyberattack as culprit in Dow Jones plunge

There’s no indication that a cyberattack was behind the Dow Jones industrial average’s nearly 1,000-point plummet and the partial rebound on May 6, according to White House Counterterrorism and Homeland Security Adviser John Brennan.

“To my knowledge there’s no indication that it was” the result of a cyberattack, Brennan said during a May 9 Fox News Sunday interview. 

Some people have speculated that the plunge could have been caused by some sort of electronic attack on computer systems integral to trading. Officials continue to investigate what caused the incident.

Posted by Ben Bain on May 10, 2010 at 10:03 AM

Reader Comments

Tue, May 11, 2010 RayW

Considering how the knee-jerk reaction of other computers took place, I wonder if the administration is trying to avoid having to throttle the big money who depend on computers instead of people. And it is not too farfetched of a theory that a form of a cyber attack took place, we talked about that happening back in the 80's and today's personal computer power is far beyond what we dreamed of back then. If 'they' were really worried about the market issue, they would ban the computer to computer trading that compounded the problem and require a human to input a random displayed non-machine readable code in order to do sells and buys.

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