WHEN: TODAY, TUESDAY, FEBRUARY 8, 2011 AT 5PM ET
WHERE: CNBC'S "FAST MONEY"
Below please find an excerpt from a CNBC EXCLUSIVE interview with Eric Noll, NASDAQ OMX Group Executive Vice President of Transaction Services, today on CNBC's "Fast Money."
All references must be sourced to CNBC.
MELISSA LEE: THE HACK ATTACK ESSENTIALLY ON THE NASDAQ, WHAT CAN YOU TELL US ABOUT THAT. I UNDERSTAND IT DIDNT AFFECT ANY OF THE TRADING PLATFORMS BUT STILL SOME OF THE EXPERTS ARE SAYING THAT BY HACKING INTO THE DIRECTORS DESK IT COULD ESSENTIALLY ALLOW THE HACKERS TO OBTAIN INTERNAL INFORMATION WHICH COULD GIVE THEM AN INSIDE EDGE IE INSIDER TRADING.
ERIC NOLL: I THINK THERE ARE TWO IMPORTANT THINGS HERE WE WANT TO EMPHASIZE ABOUT THE HACK ATTACK. ONE IS THAT OUR TRADING ENTERPRISE THE WHOLE INFRASTRUCTURE OF TRADING IS COMPLETELY SEPARATE AND WAS NOT TOUCHED OR ATTACKED IN THIS INCIDENT. THE SECOND THING ABOUT THE LOSS OF INFORMATION OR THE POTENTIAL LOSS OF INFORMATION IS THERE WAS NO SIGN THAT ANY INFORMATION WAS COMPROMISED. ONCE WE UNCOVERED THE HACK IN THE SYSTEM WE IMMEDIATELY ISOLATED IT CLOSED THE SYSTEM DOWN AND TURNED OVER TO THE PROSECUTORS AND THE FEDERAL OFFICIALS TO HELP US INVESTIGATE THE PLATFORM. SO WHILE WE TAKE IT VERY SERIOUSLY I THINK WE MOVED VERY QUICKLY TO ISOLATE THE INCIDENT AND KEEP IT FROM GROWING INTO SOMETHING
LEE: WOULD YOU AGREE THAT IF INFORMATION WAS ACTUALLY TAKEN FROM THE DIRECTORS DESK THAT COULD GIVE AN EDGE AND IM ASKING YOU THIS ONLY BECAUSE WE'RE TRYING TO FIGURE OUT WHETHER OR NOT INFORMATION WAS IN FACT TAKEN AND SO IF THERE IS THAT POSSIBILITY STILL OUT THERE AND YOU HAVENT NECESSARILY RULED OUT A MOTIVE THEN THERE COULD STILL BE CONCERNS.
NOLL: I THINK ITS HARD FOR US TO KNOW WHAT THE MOTIVE WAS OR WHAT COULD HAVE BEEN DONE WITH THE INFORMATION. CLEARLY WE TAKE OUR RESPONSIBILITIES TO KEEPING THAT INFORMATION CONFIDENTIAL VERY VERY SERIOUSLY. WE MOVED AS I SAID VERY QUICKLY TO SORT OF ISOLATE THIS INCIDENT AND REBUILD OUR SECURITY IN A WAY TO PREVENT THIS FROM HAPPENING IN THE FUTURE.
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