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 Pasadena Star News Website Hacked to Stop Disintermediation? View next topic
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Aristotle
Nitroglycerin


Joined: 05 Dec 2007
Posts: 594
Location: On a sand dune, sipping a cold soda

Pasadena Star News Website Hacked to Stop Disintermediation?
PostPosted: Mon Jun 30, 2008 9:46 pm Reply with quoteBack to top

Pasadena, California is the home of IndyMac. Pasadena is also the legendary home of LA's very wealthy WASPy people.

Pasadena is located in the San Gabriel Valley, which is also the home to an incredible amount of expatriate Taiwanese wealth. While Vancouver has been the first choice new home of wealthy expatriate Chinese people, they too are starting to move to the San Gabriel Valley, which has a climate similar to that of Hong Kong. Hong Kong's city tree, the Hong Kong Orchid Tree [Bauhinia Blakeana], will grown in the San Gabriel Valley, but not Vancouver.

The Chinese and Taiwanese people who live in the San Gabriel Valley are generally very astute and very internet savvy. Even if their spoken English is not perfect, most can read English without much difficulty, especially if the matter is important. There are many Taiwanese and Chinese banks in the area. However, those banks are very frugal, and tend to pay very low rates on savings deposits. As a result, a lot of Taiwanese and Chinese people in the San Gabriel Valley have savings accounts or CD's at IndyMac Bank FSB.

Late Friday night, the Pasadena Star News published an on line article indicating that IndyMac was nearing collapse. It was a very conservative article, largely publishing information from the AP and Senator Shumer's letter, as well as some statistics collected by the newspaper concerning IndyMac's employment of 2000 to 3000 people in the San Gabriel Valley.
Saturday's print edition of the newspaper, and its sister publications throughout the San Gabriel Valley, also carried the story. Their website showed that by far the IndyMac story was the "most read story".

The Pasadena Star News allows comments, and over the following days the comments were in two categories: Insightful about what was going on, or b*tchy from loyal depositors.

IndyMac's San Gabriel Valley branches were open on Saturday. Apparently the Taiwanese and Chinese community stepped into action, and flooded the branches in their neighborhoods, seeking to withdraw their money. On the Pasadena Star News comment page, people posted news of the very busy lines at the branches in the wealthier neighborhoods, but the newspaper took those posts down. Standing alone, at the end of Saturday was a one liner from an IndyMac employee who said Saturday had been the worst day of his/her life.

The Pasadena Star News was standing by its story today, and the online comments continued, though they contained nothing outrageous.

The IndyMac stock continued to drop today, and as 4:00PM New York time approached, someone hacked the Pasadena Star Free Press website, and infected it with a virus.

The effect of the attack was to turn it in to an "attack website" which internet security programs say are designed to steal information out of one's computer. As a result, high speed internet providers' security services (e.g. Embark) as well as internet security programs like McAfee, Kaspersky, etc. blocked the site automatically.

The effect of the hacker attack on the Pasadena Star News prevented the public them from looking to the site for updated news on IndyMac, because the website was infected.

Depositors of banks certainly have better access to information than they had during the savings and loan failures more than a decade ago. In the case of the Pasadena Star News, I guess there are some people who have decided that the depositors have access to "too much information".

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Aristotle

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Robin
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Joined: 30 Aug 2007
Posts: 3416
Location: Loveland, OH

Re: Pasadena Star News Website Hacked to Stop Disintermediation?
PostPosted: Tue Jul 01, 2008 6:10 am Reply with quoteBack to top

Aristotle, did you by any chance get screen shots before the comments were deleted and the site went down?

Did anyone?
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Mtgbiz89
Demolition Man


Joined: 18 Dec 2007
Posts: 2210
Location: New England

Re: Pasadena Star News Website Hacked to Stop Disintermediation?
PostPosted: Tue Jul 01, 2008 6:27 pm Reply with quoteBack to top

I just checked the Pasadena Star and this article. 1) the article is viewable with all comments intact. 2) The Star makes NO mention of being hacked.

When you google Pasadena Star virus google does come up with a warning that the site has a malware issue... Robin I think ML has had a few of these episodes. The only other two references from ML due to the threads that Aristotle started.

To infer that IMB was the cause of this is absolutely NUTS!

What is the current listing status for www.pasadenastarnews.com/?

Site is listed as suspicious - visiting this web site may harm your computer.

Part of this site was listed for suspicious activity 1 time(s) over the past 90 days.

What happened when Google visited this site?

Of the 2 pages we tested on the site over the past 90 days, 1 page(s) resulted in malicious software being downloaded and installed without user consent. The last time Google visited this site was on 06/30/2008, and the last time suspicious content was found on this site was on 06/30/2008.

Malicious software is hosted on 2 domain(s), including suppadw.com, adupd.mobi.

2 domain(s) appear to be functioning as intermediaries for distributing malware to visitors of this site, including suppadw.com, mycapture.com.

Has this site acted as an intermediary resulting in further distribution of malware?

Over the past 90 days, www.pasadenastarnews.com/ did not appear to function as an intermediary for the infection of any sites.
Has this site hosted malware?

No, this site has not hosted malicious software over the past 90 days.

How did this happen?

In some cases, third parties can add malicious code to legitimate sites, which would cause us to show the warning message.

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Aristotle
Nitroglycerin


Joined: 05 Dec 2007
Posts: 594
Location: On a sand dune, sipping a cold soda

Pasadena Star News Still an Attack Site as of Noon Tuesday
PostPosted: Tue Jul 01, 2008 7:13 pm Reply with quoteBack to top

MtgBiz89, you look at things in a way which is far too simplistic.

"To infer that IMB was the cause of this is absolutely NUTS!"

I never said that. You thought that. You said that.

In this world things are never as simple as they seem.

You should always believe that independent actors are going to go to extremes to help a company avoid bad publicity. That's how things work, at least in Southern California, a mediacentric environment.

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Mtgbiz89
Demolition Man


Joined: 18 Dec 2007
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Location: New England

Re: Pasadena Star News Website Hacked to Stop Disintermediation?
PostPosted: Tue Jul 01, 2008 7:24 pm Reply with quoteBack to top

So what was your point in starting the thread?

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