News you may have missed #617

Ilan Grapel

►►Analysis: Is the CIA Still an Intelligence Agency? Early September 2011, a former intelligence official commented to The Washington Post that, “The CIA has become one hell of a killing machine”. He then attempted to retract, but his words were on record. But is that really what it should be: a hell of a killing machine?
►►US National Security Agency helps Wall Street battle hackers. The National Security Agency, a secretive arm of the US military, has begun providing Wall Street banks with intelligence on foreign hackers, a sign of growing US fears of financial sabotage. While government and private sector security sources are reluctant to discuss specific lines of investigations, they paint worst-case scenarios of hackers ensconcing themselves inside a bank’s network to disable trading systems for stocks, bonds and currencies, trigger flash crashes, initiate large transfers of funds or turn off all ATM machines.
►►Israel okays deal with Egypt to free alleged spy. Israel’s security cabinet unanimously approved an agreement Tuesday for the release of Israeli-American law student Ilan Grapel (pictured), who has been in jail in Egypt since June 12 on spying allegations that were later reduced to incitement. In exchange, Israel will release 22 Egyptian prisoners, most of them Bedouin from the Sinai jailed for smuggling drugs or weapons.