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[ NNSquad ] Trading fraud via GPS spoofing


Trading fraud via GPS spoofing

http://j.mp/xFidE1  (Wired UK)

   "GPS "spoofers" -- devices that create false GPS signals to fool
    receivers into thinking that they are at a different location or
    different time -- could be used to defraud financial institutions,
    according to Todd Humphreys from the University of Texas."

 - - -

In theory at least, I believe that many cellular sites could also be
disrupted, since modern cell nets depend on GPS timing.  A lot of eggs
in the GPS basket, even with newer systems gradually coming online.
It's hard not to think a bit about Larry Niven's old "Ringworld"
stories, where a massive interstellar civilization essentially
collapsed after a room temperature superconductor on which they
depended was biologically sabotaged.

--Lauren--
Lauren Weinstein (lauren@vortex.com): http://www.vortex.com/lauren 
Co-Founder: People For Internet Responsibility: http://www.pfir.org 
Founder:
 - Data Wisdom Explorers League: http://www.dwel.org
 - Network Neutrality Squad: http://www.nnsquad.org 
 - Global Coalition for Transparent Internet Performance: http://www.gctip.org
 - PRIVACY Forum: http://www.vortex.com 
Member: ACM Committee on Computers and Public Policy
Lauren's Blog: http://lauren.vortex.com
Google+: http://vortex.com/g+lauren / Twitter: http://vortex.com/t-lauren 
Tel: +1 (818) 225-2800 / Skype: vortex.com


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