The exploit involved the very powerful (500KW) Aspidistra transmitter, coupled to a directional antenna farm. With that power, they could make it sound like a local station in the target area.

With a staff of fake announcers, a fake German band, and recordings of recent speeches from high-ranking Nazis, they would smoothly switch from merely relaying the German network to emulating it with their own staff. They could then make modifications to news broadcasts, occasionally creating panic and confusion.

German transmitters were switched off during air raids, to prevent them from being used as navigational aids for bombers. But many were connected into a network and broadcast the same content. When a targeted transmitter switched off, Aspidistra began transmitting on their original frequency, initially retransmitting the German network broadcast as received from a still-active station. As a deception, false content and pro-Allied propaganda would be inserted into the broadcast. The first such "intrusion" was carried out on March 25, 1945, as shown in the operations order at the right.

On March 30, 1945, "Aspidistra" intruded into the Berlin and Hamburg frequencies warning that the Allies were trying to spread confusion by sending false telephone messages from occupied towns to unoccupied towns. On April 8, 1945, "Aspidistra" intruded into the Hamburg and Leipzig channels to warn of forged banknotes in circulation. On April 9, 1945, there were announcements encouraging people to evacuate to seven bomb-free zones in central and southern Germany. All these announcements were false.

The German radio network tried announcing "The enemy is broadcasting counterfeit instructions on our frequencies. Do not be misled by them. Here is an official announcement of the Reich authority." The Aspidistra station made similar announcements, to cause confusion and make the official messages ineffective.

We read many stories on the net where folks claim that the current financial crisis could have been avoided with more or better use of technology.     This is expected, as software companies and IT professionals will often try to piggy-backtheir business development strategy on the “crisis of the day” to sell more goods and services.    Honestly, in this current situation, the main technology that we needed was simple, accurate financial models.

For example, in the chart above, the US economy was doing quite well with US federal funds rates low.   Housing prices in the US were skyrocketing and there was a concern about inflation.    There was an understandable concern the sustainability of that economy.

So, in perhaps one the most ill-advised Federal Reserve actions of many decades, the folks at the helm of the Fed decided to raise their lending rates around 500 percent over a two year period.

As we all know, primarily because of the action by the Fed, the world faces perhaps the worst economic disaster in modern times, while the US Executive Branch and the Congress fight over how to spend $700 Billion taxpayer dollars to inject liquidity into the markets to try to head off a global financial disaster.

It is amazing to me that the US Federal Government, or their advisors, does not have simple financial models with cause-and-effect analysis such as:

• Homeowners with adjustable rate mortuages will not be able to make payments;and
• Housing prices will fall dramatically; then
• Homeowners will default on loans where the collateral is much less than the asset value, and
• Banks will suffer great losses, and
• Lending will come to a halt, then
• Banks will collapse, then
• Wall Street will exit the markets in panic
• … and more trouble….. !!

There are and continue to be a lot of discussion and opinions about how risk management needs improvement. and I agree.   We will also read folks talk about how technology can be used to help solve this problem, including CEP/EP and related software (see also Capital Market CEP Fantasy Land). However, as much I would be pleased to see more CEP/EP applications and use cases, I do not believe that event processing technology is really very useful to solve the core problem of the current financial crisis.

The core problem is, seemingly, that our “financial experts” do not even have simple models that will illustrate what will or could happen when you raise the fed lending rates 500 percent in two years in an economy pregnant with adjustable rate mortgages.

To me, this does not appear to be rocket science.  The negligence by the US Federal Reserve and their advisors is astonishing.

From Network World:

A 19-year old Chinese man is in police custody after allegedly hacking into a provincial seismological bureau’s Web site to place a false earthquake warning, Chinese state media reported Monday.

The teenager, identified only by his surname Chen, altered the Web site of the Guangxi Seismological Bureau to warn residents in southwestern China to prepare for an impending earthquake expected to measure 9.0 on the Richter scale, according to a report on China Central Television’s Web site.

Such a posting could have caused a panic. On May 12 an earthquake measuring 7.8 struck China’s Sichuan province, killing over 70,000 people and leaving millions homeless. Following the quake, many people have fallen prey to rumors that earthquakes can now be predicted in a manner similar to weather forecasts, although there was no warning of the Sichuan quake.

I mean seriously. 70,000 people perished in the actual earthquake a month ago.

What a dumbass.

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From Cisco:

Cisco Intrusion Prevention System (IPS) platforms that have gigabit network interfaces installed and are deployed in inline mode contain a denial of service vulnerability in the handling of jumbo Ethernet frames. This vulnerability may lead to a kernel panic that requires a power cycle to recover platform operation. Platforms deployed in promiscuous mode only or that do not contain gigabit network interfaces are not vulnerable.

Cisco has released free software updates that address this vulnerability. There is a workaround for this vulnerability.

Update or workaround? Which is it then? At the very least get your patch on.

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