The scary new power of one
French bank trader bets $7.2 billion dollars:
In what appears to be the largest trading fraud ever carried out by a single person, a young trader at French bank Societe Generale is accused of making unauthorized bets on stock markets that cost the bank nearly $7.2 billion.
Student hacker takes down the most wired country in Europe:
The fact that a single student was able to trigger such events is particularly ominous when you consider just how many potential flashpoints exist between various countries all over the world. The DoS attack against Estonia is an excellent example of how a cyberattack carried out by a 20-year-old student in response to real-life events further exacerbated an existing problem between two nations.
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