Alan Grayson: Is Keith Alexander Selling Classified Information to the Banks?

I’ve been tracking Keith Alexander’s utterly predictable new gig, getting rich off of having drummed up cybersecurity concerns for the last several years, while at the same time shacking up with the most dubious of shadow bank regulators, Promontory Financial Group.

Apparently, I’m not the only one. Alan Grayson just sent some of the entities that Alexander has been drumming up business with — the Security Industries and Financial Markets Association, Consumer Bankers Association, and Financial Services Roundtable — a letter asking how the former NSA Director can be making a reported $600,000 a month. He cites Bruce Schneier wondering whether part of the deal is that Alexander will share classified information he learned while at NSA.

Security expert Bruce Schneier noted that this fee for Alexander’s services is on its face unreasonable. “Think of how much actual security they could buy with that $600K a month.Unless he’s giving them classified information.” Schneier also quoted Recode.net, which headlined this news as: “For another million, I’ll show you the back door we put in your router.”

[snip]

Disclosing or misusing classified information for profit is, as Mr. Alexander well knows, a felony. I question how Mr. Alexander can provide any of the services he is offering unless he discloses or misuses classified information, including extremely sensitive sources and methods. Without the classified information that he acquired in his former position, he literally would have nothing to offer to you.

Please send me all information related to your negotiations with Mr. Alexander, so that Congress can verify whether or not he is selling military and cybersecurity secrets to the financial services industry for personal gain.

Alexander is just the latest of a long line of people who profit directly off driving up the cybersecurity threat. But — as Recode.net notes — he’s also got the kind of inside information that could be particularly valuable.

As the Intelligence Industrial Complex and the Banking industry hop into bed together, there ought to be some transparency about just what kind of deals are being made. There’s simply too much immunity handed out to this community to let boondoggles like Alexander’s slide.

The intelligence community is subjecting every low level clearance holder to intense scrutiny right now. But thus far, there has not been a peep from those quarters that the former DIRNSA could command these fees for the expertise gained while overseeing the nation’s secrets.

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12 Responses to Alan Grayson: Is Keith Alexander Selling Classified Information to the Banks?

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Emptywheel Twitterverse
bmaz @joanmccarter Yeesh.
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bmaz @joanmccarter Welp, this is not going very well. #BroncoBlues
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bmaz @shaneharris @columlynch No, not in the least. Seemed worth noting though.
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bmaz Does Power ever look in the mirror? RT @CBSWalsh: Strong words from @AmbassadorPower: Russia has to stop lying+has to stop fueling conflict
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bmaz @shaneharris @columlynch Well, that is pretty dubious.
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bmaz @kevinjonheller No kidding. Also, Sam Power chastising Russia for lying is pretty hilarious. Does she ever look in the mirror??
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bmaz RT @kevinjonheller: Pretty sure the US is the last country that should be criticising #Russia 4 violating #Ukraine’s sovereignty. Something…
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emptywheel Why are they teaching Johnny Football w/binders rather the Surface?
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emptywheel SEC Commissioner calling SEC punishment a wrist slap. http://t.co/bm0nFW4W6S
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emptywheel RT @eisingerj: #SEC chair Mary Jo White's commissioners are now in open revolt. Aguilar's amazing dissent on weak enforcement move: http://…
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bmaz @jadler1969 @Mansfield2016 @brianbeutler @voxdotcom @ezraklein Hey, I would like to hear more about the Halbig Kitty.
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bmaz Wow. Texas A+M did some work on SC and the 'Ole Ball Coach. Very impressive. Bet @JWGOP is pretty pumped up.
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