Letter Re: A Mutated Viral Threat of the Computer Variety

James,

I recommend reading this article: ‘Son of Stuxnet’ virus could be used to attack critical computers worldwide. It talks about a recently discovered variant of Stuxnet (possibly) that poses significant risk to infrastructure. Whereas Stuxnet specifically targeted Iranian nuclear processing capabilities, Duqu (the name of this variant) is much more general but does appear to be targeting infrastructure, or as the article says, “industrial command and control systems.”

Zero Day, a recent novel by Mark Russinovich, a technical fellow at Microsoft and one of the authors of the excellent Winternals utility suite, deals with the potential harm such an attack could cause. It is a decent read, albeit with a bit more sex than I would like to see. Worth a read to get an understanding of exactly how at-risk we are societally with regard to our dependence on technology in the west. – M.P.

Economics and Investing:

This article shows the prevailing un-Biblical mindset: How to Stretch Out a Home Foreclosure for Years

Job Loss Could Put One in Three Out of Their Home

EU bank failures will crash Wall Street — again (Paul B. Farrell)

Corn Surplus Sets Up A Contrarian Call On Food

Items from The Economatrix:

World Dumping US Treasuries

The Megabanks Are Trying To Prevent US Bank Runs

Stocks Jump on Reports Of Progress In Europe

Social Security To Hand Out First Raises Since ’09