Spying Update

Tuesday, June 11, 2013
By Paul Martin

by George Washington
ZeroHedge.com
06/11/2013

Government Spying on Americans … and then Giving Info to Giant Corporations

You’ve heard that the government spies on all Americans.

But you might not know that the government shares some of that information with big corporations.

In addition, Reuters reported in 2011 that the NSA shares intelligence with Wall Street banks in the name of “battling hackers.”

The National Security Agency, a secretive arm of the U.S. military, has begun providing Wall Street banks with intelligence on foreign hackers, a sign of growing U.S. fears of financial sabotage.The assistance from the agency that conducts electronic spying overseas is part of an effort by American banks and other financial firms to get help from the U.S. military and private defense contractors to fend off cyber attacks, according to interviews with U.S. officials, security experts and defense industry executives.

The Federal Bureau of Investigation has also warned banks of particular threats amid concerns that hackers could potentially exploit security vulnerabilities to wreak havoc across global markets and cause economic mayhem.

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NSA Director Keith Alexander, who runs the U.S. military’s cyber operations, told Reuters the agency is currently talking to financial firms about sharing electronic information on malicious software, possibly by expanding a pilot program through which it offers similar data to the defense industry.

The Rest…HERE

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