The Wall Street Journal | By: Alexander Osipovich | October 15, 2017:
Dozens of high-speed traders and others from Wall Street are helping the Pentagon study how hackers could unleash chaos in the U.S. financial system.
The Department of Defense’s research arm over the past year and a half has consulted executives at high-frequency trading firms and quantitative hedge funds, and people from exchanges and other financial companies, participants in the discussions said. Officials described the effort as an early-stage pilot project aimed at identifying market vulnerabilities.
The Defense Advanced Research Projects Agency, or Darpa, began the initiative before the revelations of attacks on Equifax Inc. and the Securities and Exchange Commission brought public scrutiny of risks to U.S. market infrastructure.
Participants described meetings as informal sessions in which attendees brainstorm about how hackers might try to bring down U.S. markets, then rank the ideas by feasibility.
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