Though the Fed would lose long-cherished supervisory authority over big banks such as Citigroup and JPMorgan Chase, its overall power would be greatly expanded.
On Monday, Dillon Beresford, an analyst for security auditing firm NSS Labs, took aim at Siemens in a message to a mailing list devoted to supervisory control and data acquisition (SCADA) software used in physical systems like power plants and factories.
Scada (Supervisory Control and Data Acquisition) is the industry term for the computers behind the machinery in power plants, water treatment centres, traffic controls and other utilities.