October Black Swan Roundup


1) Stuxnet is “Something Big”
How Stuxnet is Scaring the Tech World Half to Death

To date, no one knows exactly what Stuxnet was doing in the Siemens PLC. “It’s looking for specific things in specific places in these PLC devices,” Digital Bond CEO Dale Peterson told PC World. “And that would really mean that it’s designed to look for a specific plant.” Tofino Security Chief Technology Officer Eric Byres was even more ominous, saying, “The only thing I can say is that it is something designed to go bang.”

2) Massive Mortgage Mess

CNBC’s Diana Ollick who is by and far the company’s best (and only) investigative reporter, confirms various so far unfounded rumors, that the government is planning to institute a 90 day foreclosure moratorium as it deals with the realization of just how big and pervasive the mortgage problem is, and even worse, will soon be.

3. Consumer bankruptcies at 1.6M run rate Good thing that recession thingy is over.

September consumer bankruptcy filings once again are on the rise, with the monthly total hitting 130,329, 4.4% higher than the prior month. Overall, YTD bankruptcies of 1,046,449 are 11% higher than compared to the same period last year, as America revels in its newly found post-recession reality by going straight to bankruptcy go and not passing go. As Dow Jones reports, “the bankruptcy filings so far in 2010 represent the highest total since 2005″ and are on track to hit a record 1.6 million by the end of the year.

11 Responses

  1. Stuxnet…..anti terrorism virus?

    I read a book awhile back on this type thing. I wonder if this could led to the “Tipping Point” that George Ure is predicting for November?

  2. 1)Caroline Glick has an excellent column on this.
    The lessons of Stuxnet.

    2)Some states are already instituting foreclosure moratoriums, though it is not clear if it is for the same reasons as the Feds may be considering one.
    Texas AG calls for statewide foreclosure freeze.

    3)We have needed to de-leverage for almost three years. Best to get it done, eat the pain and recover, than to drag it out and make the pain last longer and delay the recovery.

  3. Stuxnet threat gets scarier.

    The code for Stuxnet has now been posted on the internet

    /*gulp*

  4. OT-wish I had CBSCS at 8p.m.
    /*sniff*

  5. The very, very, very best of the country’s talent on computer security and defense/offense are working for companies that they cannot name on project(s) that they cannot speak about to their families.

    If it makes you feel any better.

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