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Feds, Banks Brace as Hackers Launch OpUSA

A group of activist hackers kicked off an ambitious cyber operation on Tuesday that targeteted a slew of high-profile American targets, however the Group Anonymous assault appears to be running into serious resistance. Dubbed OpUSA, the attack targeted a slew of major government agencies and dozens of U.S. financial-services companies, marking the latest effort by hacktivists to flood critical websites with massive amounts of traffic aimed at slowing down or even blocking access."We see this as a widening in the cyber war front and organizations may require new tactics or technical defenses to defend," said Carl Herberger, vice president of security solutions at Radware (NASDAQ:RDWR).However, by late Tuesday afternoon no major website disruptions were reported due to OpUSA, Radware said, raising the chances that the Anonymous effort could fall well short of its goal. Ironically, Radware said it is seeing a lower-than-normal level of attack activity on its deployed devices around the wo...

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  1. Time to Get Tough on Middle Class?

    Lindsey Piegza, FTN Financial economist, on why she believes tough questions need to be asked of the middle class in order to solve the fiscal cliff crisis.

  2. Jobless claims drop back to pre-storm range

    The number of Americans filing new claims for unemployment benefits last week fell back to the pre-superstorm Sandy range, suggesting a return to modest job growth a...

  3. Manufacturing contracts to weakest in three years

    Manufacturing unexpectedly contracted in November, falling to its lowest level in over three years in a sign the sector may be struggling to gain traction, according...

  4. Instant View: Manufacturing sector contracts in November

    Manufacturing unexpectedly contracted in November, falling to its lowest in over three years in a sign the sector may be struggling to gain traction, according to an...

  5. Is the End Near for the Mortgage-Interest Deduction?

    FTN Financial Economist Lindsey Piegza, Cato Institute Senior Fellow Dan Mitchell on the impact on the housing market if the mortgage-interest deduction ended.

  6. U.S. judge says FHFA cases against banks can proceed

    A U.S. judge kept alive a federal regulator's lawsuits against big banks including Credit Suisse Group AG and Bank of America Corp over allegations they misled Fanni...

  7. Storm Sandy knocks industrial output in October

    Industrial output unexpectedly fell in October as superstorm Sandy disrupted production, but the underlying tone remained consistent with slowing manufacturing activ...

  8. J.P. Morgan, First Horizon Up As Financials Rise

    J.P. Morgan Chase & Co. rose 0.8% as one of the biggest gainers among the 30 stocks in the Dow Jones Industrial Average , as financial stocks moved up on Tuesday. Fe...

  9. Data points to slow healing in labor market

    U.S. companies added jobs in October at the fastest pace in eight months, a sign of modest healing in the labor market just days before a presidential election that ...

  10. Asian factories perk up, U.S. shows improvement

    Asia's large economies started to pick up steam last month after a year of slower growth, surveys showed on Thursday, while U.S. manufacturing showed modest improvem...

  11. U.S. Economy Shows Signs of Improvement

    U.S. companies added jobs in October at the fastest pace in eight months, a sign of modest healing in the labor market just days before a presidential election that ...

  12. Red Flags in GDP

    Lindsey Piegza, FTN financial economist, weighs in on today’s GDP data and economic recovery.

  1. Louisiana Gov. Proposes 0% Corporate, Personal Income Tax

    Kanaly Trust Chairman Drew Kanaly, FTN Financial Economist Lindsey Piegza and Cato Institute’s Dan Mitchell on the tax overhaul proposed by Louisiana Gov. Bobby Jindal for the state.

  2. Piegza: Employment Data Still Lackluster

    Lindsey Piegza, FTN Financial economist, weighs in on today’s jobless claims data and the economic recovery.

  3. Instant View: ISM index 50.7 in December

    Manufacturing expanded slightly in December, bouncing back from an unexpected contraction the prior month, according to an industry report released on Wednesday.The ...

  4. First Tennessee, BBVA unit took big Fed loans in late 2010

    First Tennessee Bank and a U.S. affiliate of Spanish bank BBVA were among the largest borrowers from the Federal Reserve's emergency lending program in late 2010, ac...

  5. Technology Glitch Prompted Biggest 4th Quarter 2010 Discount Window Loan

    First Tennessee Bank, a unit of First Horizon National Corporation (FHN), was the biggest borrower of short-term funds from the Federal Reserve during the fourth qua...

  6. Lawmakers Making Progress in Fiscal Cliff Talks?

    Leader Capital CEO John Lekas, Univ. of Maryland Economist Peter Morici and FTN Financial Economist Lindsey Piegza on the fiscal cliff negotiations.

  7. U.S. home building permits approach four-and-half-year high

    U.S. homebuilding permits touched their highest level in nearly 4-1/2 years in November, pointing to strength in the housing market, even though groundbreaking activ...

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