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[–] 49 points 8 months ago* (7 children)

What is this? The introduction to the movie Hackers?

On August 10, 1988, 11-year-old Dade "Zero Cool" Murphy is banned from owning or operating computers and touch-tone telephones, until his 18th birthday, after his family is fined US$45,000 (equivalent to $120,000 in 2024) for his crashing of 1,507 computer systems, causing a seven-point drop in the New York Stock Exchange.

https://en.wikipedia.org/wiki/Hackers_(film)

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  • [–] 12 points 8 months ago (5 children)

    I started just to point out that the 7 point drop was big in 1988, but then wondered if this was a real event. (When the movie came out, I remember thinking that really happened.)

    Looking at it again, I don't know if I am finding real information , or movie publicity

    https://www.cyberdelianyc.com/www.nytimes.com/1988/08/10/business/wall-street-plunges-computer-crash-hackers.html, which in part says:

    Delaying the sell-off slightly the mayhem appeared to stem from a computer virus rendering key exchange systems inaccessible with NYSE registering a 7-point drop. Initial reports put the number of systems impacted at 1,507. This would make the havoc one of the biggest computer crashes in history.

    A ''hacker'' believed to have instigated the turmoil from beyond state-lines in Seattle is a prime suspect. Known only by an alias or ''handle'' on computer bulletin boards as ''Zero Cool'', Federal prosecutors hope to have them arraigned quickly sending a message to other potential electronic trespassers.

    Looking up "Zero Cool", only locates a 1960's book about a Doctor.

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  • [–] 5 points 8 months ago (2 children)