Does Goldman Sachs not want the Feds to see their data flows, and if so, why?
OK, headline a little exaggerated, but since I've never managed to be cynical enough, it's probably warranted. Let's connect two data points.
Sergey Aleynikov, [start here] the former Goldman Sachs Group Inc. computer programmer charged last month with stealing sophisticated trading software, is in talks with prosecutors to resolve the case, according to court papers. ...
Aleynikov was arrested July 3 and charged the next day with theft of trade secrets and transportation of stolen property in foreign commerce. At Aleynikov’s July 4 arraignment, Facciponti said that the alleged theft is the “most substantial” that Goldman Sachs can recall. Aleynikov is free on $750,000 bond.
The proprietary code, worth millions of dollars, lets the firm do “sophisticated, high-speed and high-volume trades on various stock and commodities markets,” prosecutors said in court documents. Facciponti said a person misusing the code might be able to “manipulate markets.”
Well, only a company that's completely rapacious, squid-like in its ethics, and virtually sovreign because they own the government would do that. Oh, wait...
Melissa Hathaway, who completed the Obama administration's cybersecurity review in April, said in an interview that she was leaving for personal reasons. ...
Of course, of course. High officials give up power so they can spend more time with the family, like, all the time!
In the past year, intelligence officials have grown increasingly concerned about Chinese and Russian cyberspies surveilling U.S. infrastructure and military networks.
People familiar with the matter said Ms. Hathaway has been "spinning her wheels" in the White House, where the president's economic advisers sought [Hi Larry! Hi Timmy! [waves]] to marginalize her politically.
Ms. Hathaway had initially been considered a leading contender to fill the cyber post permanently. She lost favor with the president's economic team after she said it should consider options for regulating some private-sector entities to ensure they secure their networks, said cybersecurity specialists familiar with the discussions.
Sounds to me like there's a big dataflow that Goldman doesn't want the government to see or even know about. I can't imagine what it could be.
NOTE To be clear, I'm not so foily that I see a direction connection in terms of the timing. The two stories just happened on the same day, that's all. I'm guessing, however, that the common factor between the two data points is a rats' nest of computer-driven thievery.
UPDATE If the "cybersecurity specialists familiar with the discussions" and the "People familiar with the matter" are both Melissa Hathaway, that means she thinks that leaking this information would hurt Timmy and Larry. One can only wonder why.