Hackers Aim to Destabilize Global Financial System

Clint Siegner Clint Siegner

Clint Siegner

May 15th, 2017 Comments

We should learn more about the implications of a global “ransomware” attack on vulnerable computers this week. Computers networks everywhere – ranging from hospitals in the United Kingdom to the Bank of China’s ATMs – were disabled.

Hackers used recently leaked malware built by the U.S. National Security Agency (NSA)

The malware took advantage of a vulnerability in Microsoft Windows the NSA had identified and purposely kept hidden.

We can expect the NSA and its supporters in Washington to dodge all accountability. All blame will instead be laid at the feet of Wikileaks and the insiders who revealed the virus and put the NSA’s activities on display.

Should the attack lead to prolonged outages, we can expect markets to respond – perhaps with some flight to safety, which would help precious metals.

Clint Siegner

About the Author:

Clint Siegner is a Director at Money Metals Exchange, a precious metals dealer recently named "Best in the USA" by an independent global ratings group. A graduate of Linfield College in Oregon, Siegner puts his experience in business management along with his passion for personal liberty, limited government, and honest money into the development of Money Metals' brand and reach. This includes writing extensively on the bullion markets and their intersection with policy and world affairs.