“GPS “spoofers”—devices that create false GPS signals to fool receivers into thinking that they are at a different location or different time—could be used to defraud financial institutions, according to Todd Humphreys from the University of Texas. On an innocuous level, GPS spoofing can lead to the confusing of in-car GPS systems so that users think they are in a different location to their actual location. However, a more sinister use could be to interfere with the time-stamping systems used in high frequency trading.”
Continue reading the Wired article.
