Cyber Crime Attack - Israeli hackers release Arab credit card details

Cyber attacks between Israeli and Arab hackers was raised yesterday, as a shadowy Israeli group released the details of 4,800 Arab credit-card holders and tried to launch attacks on the websites of the UAE Central Bank and the Arab Bank Palestine.

Early yesterday, hackers who said they were Israeli posted the credit card numbers, security codes and expiration dates of the cards, which they said they obtained from the website of a major Saudi bank. The Central Bank said the website did become inaccessible for about 20 minutes but the problem had been quickly solved.The Arab Bank website remained inaccessible for most of the day when accessed in Abu Dhabi.
"They did target the website, but they didn't do any damage," said Bob Thomson, chief manager of information technology projects at the Central Bank, who described the incident as "a concentrated attack".The hackers' email message to The National linked to an online warning calling on "terrorists to stop their terrorist acts against Israel and attempts to disrupt the normal course of life in Israel".

Terrorism and the Market

Terrorism is a real threat to all nations in the world. Wherever there are different groups of people, there are sure to be conflicting ideas. Some of the differences in opinions and beliefs lead radicals to turn to terrorism to push their ideas onto others and to send messages that result in the death or injury of many.

While this tactic is frowned upon by society as a whole, it is all too real a danger to ignore. The human tragedies that result from terrorist acts are horrifying and the economical impacts that follow terrorism can be almost as devastating.The loss of human life is undoubtedly the tragic side of terrorism. The effects of the deaths of loved ones are tremendous.
The business world does not go unaffected by these human losses; the loss in labor force and other key players in a company can cause significant negative effects.During the September 11th attack, the lives of many were lost, including top level executives from Morgan Stanley, Merrill Lynch, American Express, and many other publicly traded companies. Not only did these companies lose a corps of wonderful human beings, but many lost their most important leaders and thinkers. The result was a tragedy for the victims’ families and the companies, as well.