Is the U.S. Government Changing the Amount In People’s Financial Accounts and Manipulating Financial Systems with Its Offensive Cyber Capabilities?

Official White House Spying Panel Implies that It Might Be …

Hidden in the report which the White House panel on NSA released today is a stunning implication:  that the U.S. government has been using its massive offensive cyber capabilities to change the amounts held in financial accounts and otherwise manipulating financial systems.

Specifically, the panel’s report states (page 221):

(1) Governments should not use surveillance to steal industry secrets to advantage their domestic industry;

(2) Governments should not use their offensive cyber capabilities to change the amounts held in financial accounts or otherwise manipulate the financial systems ….

The government certainly massively manipulates the economy and financial system.

There are already numerous examples of offensive cyber actions by the NSA:

As spying expert Trevor Timm from the Electronic Frontier Foundation Tweeted  (and Glenn Greenwald – who has seen the Snowden documents – re-tweeted):

Does this NSA report recommendation imply that NSA is conducting offensive cyber attacks against financial systems?

Remember, the NSA is tapping into and spying on the biggest financial payments systems such as VISA and Swift.

Top financial experts say that the NSA and other intelligence agencies are using information gained from spying to profit from this inside information. And the NSA wants to ramp up its spying on Wall Street … to “protect” it.

Whose money, exactly, is the NSA “protecting” … and how are they protecting it?

What about the money of people that the U.S. government considers undesirables?

Update: ABC News has addressed this issue as well.

“That was a strangely specific recommendation for something nobody was talking about,” Kel McClanahan, executive director of government transparency group National Security Counselors, told ABC News Wednesday.

A spokesperson for the NSA declined to comment on the issue of bank account hacking, and a representative for U.S. Cyber Command did not immediately return an emailed request for comment.

Spying panel members also pointedly refused to provide more information to Washington’s Blog.

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